16, ALBERT CLOSE, RAYLEIGH, SS6 8HP - £405,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 ALBERT CLOSE is a small extended terraced house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £475,304. It was last sold for £405,000 in May 2020, which was around 43% above the average May 2020 terraced price in the Rochford local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

16 ALBERT CLOSE Sold Prices

Land registry data shows two sales for 16 ALBERT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Rochford local authority area for the corresponding sale date. Both of the two 16 ALBERT CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 1 MAY	£405,000	£283,007	43% above HPI
2012 19 APR	£203,000	£184,482	10% above HPI

16 ALBERT CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Rochford local authority area over time, sourced from the HPI. The two 16 ALBERT CLOSE sales from April 2012 and May 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2012 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the May 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 16 ALBERT CLOSE be worth now?

16 ALBERT CLOSE might now be worth an estimated £475,304.

This is based on house price inflation of 17.4%, between May 2020 and April 2026, for terraced houses, in the Rochford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for 16 ALBERT CLOSE of £405,000 on 1st May 2020. For the value to have increased from £405,000 to £475,304 over the six years and one month to April 2026, the following assumptions must hold true:

• The value of 16 ALBERT CLOSE has moved in line with the HPI for terraced houses in the Rochford local authority area.
• The May 2020 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ALBERT CLOSE has not materially changed since May 2020.

How Large is 16 ALBERT CLOSE?

16 ALBERT CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of terraced houses houses in Rayleigh, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Rayleigh, and where 16 ALBERT CLOSE lies on this distribution: 34% of terraced houses houses are smaller than 16 ALBERT CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

16 ALBERT CLOSE: Plot and Title Map

16 ALBERT CLOSE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 16 ALBERT CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 ALBERT CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 ALBERT CLOSE?

16 ALBERT CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 16 on ALBERT CLOSE.