51, CHEAPSIDE EAST, RAYLEIGH, SS6 9JU - £383,000

51 CHEAPSIDE EAST is a very small extended semi-detached house of 81m², built sometime between 1976 and 1982. It was last sold for £383,000 in February 2020, which was around 25% below the average February 2020 detached price in the Rochford local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

51 CHEAPSIDE EAST Sold Prices

Land registry data shows four sales for 51 CHEAPSIDE EAST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the four 51 CHEAPSIDE EAST 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
2020 28 FEB	£383,000	£512,813	25% below HPI
2015 13 AUG	£315,000	£408,403	23% below HPI
2001 19 OCT	£146,000	£194,206	25% below HPI
2001 19 FEB	£112,000	£168,764	34% below HPI

51 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 four 51 CHEAPSIDE EAST sales between February 2001 and February 2020 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 August 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 51 CHEAPSIDE EAST?

51 CHEAPSIDE EAST is 81m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 51 CHEAPSIDE EAST lies on this distribution: 11% of detached houses are smaller than 51 CHEAPSIDE EAST, and 89% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

51 CHEAPSIDE EAST: Plot and Title Map

51 CHEAPSIDE EAST sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 51 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 51 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 51 CHEAPSIDE EAST?

51 CHEAPSIDE EAST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 51 on CHEAPSIDE EAST.