3, RANDWAY, RAYLEIGH, SS6 7QN - £387,500

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.

3 RANDWAY is a midsized extended detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £470,854. It was last sold for £387,500 in March 2018, which was around 26% below the average March 2018 detached price in the Rochford local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was C.

3 RANDWAY Sold Prices

Land registry data shows two sales for 3 RANDWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 3 RANDWAY 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
2018 2 MAR	£387,500	£523,941	26% below HPI
2007 9 MAR	£205,000	£334,789	39% below HPI

3 RANDWAY 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 two 3 RANDWAY sales from March 2007 and March 2018 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 March 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2018 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 RANDWAY be worth now?

3 RANDWAY might now be worth an estimated £470,854.

This is based on house price inflation of 21.5%, between March 2018 and May 2026, for detached 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 21.5% inflationary increase is applied to the most recent sale price for 3 RANDWAY of £387,500 on 2nd March 2018. For the value to have increased from £387,500 to £470,854 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 RANDWAY has moved in line with the HPI for detached houses in the Rochford local authority area.
• The March 2018 sale price of £387,500 represented a fair market value for the property.
• The size, condition, and specification of 3 RANDWAY has not materially changed since March 2018.

How Large is 3 RANDWAY?

3 RANDWAY is 116m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 50% of detached houses houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayleigh, and where 3 RANDWAY lies on this distribution: 44% of detached houses houses are smaller than 3 RANDWAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

3 RANDWAY: Plot and Title Map

3 RANDWAY sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 3 RANDWAY, 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 3 RANDWAY). 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 3 RANDWAY?

3 RANDWAY is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 3 on RANDWAY.