34, CHEAPSIDE WEST, RAYLEIGH, SS6 9BX - £382,500

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.

34 CHEAPSIDE WEST is a very small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £447,096. It was last sold for £382,500 in October 2017, which was around 29% below the average October 2017 detached price in the Rochford local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

34 CHEAPSIDE WEST Sold Prices

Land registry data shows two sales for 34 CHEAPSIDE WEST 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 34 CHEAPSIDE WEST 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
2017 23 OCT	£382,500	£535,251	29% below HPI
1997 11 APR	£73,000	£109,457	33% below HPI

34 CHEAPSIDE WEST 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 34 CHEAPSIDE WEST sales from April 1997 and October 2017 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 1997 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2017 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 34 CHEAPSIDE WEST be worth now?

34 CHEAPSIDE WEST might now be worth an estimated £447,096.

This is based on house price inflation of 16.9%, between October 2017 and April 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 16.9% inflationary increase is applied to the most recent sale price for 34 CHEAPSIDE WEST of £382,500 on 23rd October 2017. For the value to have increased from £382,500 to £447,096 over the nine years and six months to April 2026, the following assumptions must hold true:

• The value of 34 CHEAPSIDE WEST has moved in line with the HPI for detached houses in the Rochford local authority area.
• The October 2017 sale price of £382,500 represented a fair market value for the property.
• The size, condition, and specification of 34 CHEAPSIDE WEST has not materially changed since October 2017.

How Large is 34 CHEAPSIDE WEST?

34 CHEAPSIDE WEST is 92m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% 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 34 CHEAPSIDE WEST lies on this distribution: 20% of detached houses houses are smaller than 34 CHEAPSIDE WEST, and 80% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

34 CHEAPSIDE WEST: Plot and Title Map

34 CHEAPSIDE WEST sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 34 CHEAPSIDE WEST, 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 34 CHEAPSIDE WEST). 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 34 CHEAPSIDE WEST?

34 CHEAPSIDE WEST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 34 on CHEAPSIDE WEST.