50, THE APPROACH, RAYLEIGH, SS6 9AA - £352,000

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.

50 THE APPROACH is a small extended terraced house of 98m², built sometime between 1900 and 1929, which could now be worth an estimated £379,784. It was last sold for £352,000 in June 2021, which was around 18% above the average June 2021 terraced price in the Rochford local authority area. The most recent EPC inspection was February 2021, where the current energy rating was E, and the potential energy rating was C.

50 THE APPROACH Sold Prices

Land registry data shows three sales for 50 THE APPROACH 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. The three 50 THE APPROACH sales were a mix of above the average price, roughly equal to the average price, and 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
2021 30 JUN	£352,000	£299,421	18% above HPI
1999 15 DEC	£73,000	£72,820	Close to HPI
1997 10 OCT	£56,000	£59,704	6% below HPI

50 THE APPROACH 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 50 THE APPROACH sales between October 1997 and June 2021 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 December 1999 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 50 THE APPROACH be worth now?

50 THE APPROACH might now be worth an estimated £379,784.

This is based on house price inflation of 7.9%, between June 2021 and June 2025, 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 7.9% inflationary increase is applied to the most recent sale price for 50 THE APPROACH of £352,000 on 30th June 2021. For the value to have increased from £352,000 to £379,784 over the four years to June 2025, the following assumptions must hold true:

• The value of 50 THE APPROACH has moved in line with the HPI for terraced houses in the Rochford local authority area.
• The June 2021 sale price of £352,000 represented a fair market value for the property.
• The size, condition, and specification of 50 THE APPROACH has not materially changed since June 2021.

How Large is 50 THE APPROACH?

50 THE APPROACH is 98m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% 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 50 THE APPROACH lies on this distribution: 25% of terraced houses houses are smaller than 50 THE APPROACH, and 75% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

50 THE APPROACH: Plot and Title Map

50 THE APPROACH sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 50 THE APPROACH, 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 50 THE APPROACH). 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 50 THE APPROACH?

50 THE APPROACH is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 50 on THE APPROACH.