16, LEASWAY, RAYLEIGH, SS6 7DW - £500,000

16 LEASWAY is a very small detached house of 75m², built sometime between 1950 and 1966. It was last sold for £500,000 in October 2023, which was around 14% below the average October 2023 detached price in the Rochford local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was B.

16 LEASWAY Sold Prices

Land registry data shows three sales for 16 LEASWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the three 16 LEASWAY sales were for below 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
2023 18 OCT	£500,000	£584,027	14% below HPI
2013 15 MAY	£250,000	£330,645	24% below HPI
1999 7 JAN	£99,000	£118,565	17% below HPI

16 LEASWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The three 16 LEASWAY sales between January 1999 and October 2023 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 May 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the October 2023 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 16 LEASWAY?

16 LEASWAY is 75m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 16 LEASWAY lies on this distribution: 7% of detached houses are smaller than 16 LEASWAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

16 LEASWAY: Plot and Title Map

16 LEASWAY sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 16 LEASWAY, 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 LEASWAY). 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 LEASWAY?

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