40, CHEAPSIDE EAST, RAYLEIGH, SS6 9JU - £568,000

40 CHEAPSIDE EAST is a midsized extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £568,000 in February 2023, which was around 5% below the average February 2023 detached price in the Rochford local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

40 CHEAPSIDE EAST Sold Prices

Land registry data shows two sales for 40 CHEAPSIDE EAST 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. One of the two 40 CHEAPSIDE EAST sales was for below the average price, whilst the other was 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
2023 13 FEB	£568,000	£597,663	5% below HPI
1996 23 FEB	£95,500	£92,146	4% above HPI

40 CHEAPSIDE EAST 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 40 CHEAPSIDE EAST sales from February 1996 and February 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 February 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2023 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 40 CHEAPSIDE EAST?

40 CHEAPSIDE EAST is 122m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 50% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 40 CHEAPSIDE EAST lies on this distribution: 52% of detached houses are smaller than 40 CHEAPSIDE EAST, and 46% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

40 CHEAPSIDE EAST: Plot and Title Map

40 CHEAPSIDE EAST sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 40 CHEAPSIDE EAST, 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 40 CHEAPSIDE EAST). 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 40 CHEAPSIDE EAST?

40 CHEAPSIDE EAST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 40 on CHEAPSIDE EAST.