5, HERITAGE WAY, ROCHFORD, SS4 1XA - £272,500

5 HERITAGE WAY is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £272,500 in September 2014, which was around 26% below the average September 2014 detached price in the Rochford local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

5 HERITAGE WAY Sold Prices

Land registry data shows five sales for 5 HERITAGE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the five 5 HERITAGE WAY 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
2014 25 SEP	£272,500	£366,316	26% below HPI
2003 24 APR	£195,000	£261,404	25% below HPI
2002 25 FEB	£139,000	£189,941	27% below HPI
2001 2 FEB	£131,000	£168,764	22% below HPI
1996 10 OCT	£94,995	£98,919	4% below HPI

5 HERITAGE WAY 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 five 5 HERITAGE WAY sales between October 1996 and September 2014 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 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2014 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 HERITAGE WAY?

5 HERITAGE WAY is 82m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Rochford, based on EPC data. The below chart shows the distribution of detached houses by size in Rochford, and where 5 HERITAGE WAY lies on this distribution: 14% of detached houses are smaller than 5 HERITAGE WAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Rochford.

5 HERITAGE WAY: Plot and Title Map

5 HERITAGE WAY sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 5 HERITAGE WAY, 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 5 HERITAGE WAY). 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 5 HERITAGE WAY?

5 HERITAGE WAY is located in ROCHFORD, in the SS4 postcode district. The below map shows the position of No. 5 on HERITAGE WAY.