45, HERON CLOSE, RAYLEIGH, SS6 9GF - £370,000

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.

45 HERON CLOSE is a very small terraced house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £389,594. It was last sold for £370,000 in July 2022, which was around 15% above the average July 2022 terraced price in the Rochford local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

45 HERON CLOSE Sold Prices

Land registry data shows three sales for 45 HERON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Rochford local authority area for the corresponding sale date. All of the three 45 HERON 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
2022 8 JUL	£370,000	£320,357	15% above HPI
2010 8 JUN	£206,500	£192,510	7% above HPI
1999 21 DEC	£95,945	£72,820	32% above HPI

45 HERON 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 three 45 HERON CLOSE sales between December 1999 and July 2022 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 June 2010 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 45 HERON CLOSE be worth now?

45 HERON CLOSE might now be worth an estimated £389,594.

This is based on house price inflation of 5.3%, between July 2022 and May 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 5.3% inflationary increase is applied to the most recent sale price for 45 HERON CLOSE of £370,000 on 8th July 2022. For the value to have increased from £370,000 to £389,594 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 45 HERON CLOSE has moved in line with the HPI for terraced houses in the Rochford local authority area.
• The July 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 45 HERON CLOSE has not materially changed since July 2022.

How Large is 45 HERON CLOSE?

45 HERON CLOSE is 88m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% 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 45 HERON CLOSE lies on this distribution: 16% of terraced houses houses are smaller than 45 HERON CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

45 HERON CLOSE: Plot and Title Map

45 HERON CLOSE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 45 HERON 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 45 HERON 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 45 HERON CLOSE?

45 HERON CLOSE is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 45 on HERON CLOSE.