516, RAYLEIGH ROAD, LEIGH-ON-SEA, SS9 5HX - £350,000

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.

516 RAYLEIGH ROAD is a small terraced house of 98m², which could now be worth an estimated £401,248. It was last sold for £350,000 in February 2020, which was around 27% above the average February 2020 terraced price in the Southend-on-Sea local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was B.

516 RAYLEIGH ROAD Sold Prices

Land registry data shows two sales for 516 RAYLEIGH ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 516 RAYLEIGH ROAD 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
2020 13 FEB	£350,000	£276,015	27% above HPI
2016 18 NOV	£450,000	£246,899	82% above HPI

516 RAYLEIGH ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 516 RAYLEIGH ROAD sales from November 2016 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 November 2016 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the February 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 516 RAYLEIGH ROAD be worth now?

516 RAYLEIGH ROAD might now be worth an estimated £401,248.

This is based on house price inflation of 14.6%, between February 2020 and June 2025, for terraced houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 516 RAYLEIGH ROAD of £350,000 on 13th February 2020. For the value to have increased from £350,000 to £401,248 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of 516 RAYLEIGH ROAD has moved in line with the HPI for terraced houses in the Southend-on-Sea local authority area.
• The February 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 516 RAYLEIGH ROAD has not materially changed since February 2020.

How Large is 516 RAYLEIGH ROAD?

516 RAYLEIGH ROAD is 98m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 30% of terraced houses houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Southend-on-Sea, and where 516 RAYLEIGH ROAD lies on this distribution: 30% of terraced houses houses are smaller than 516 RAYLEIGH ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

516 RAYLEIGH ROAD: Plot and Title Map

516 RAYLEIGH ROAD sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 516 RAYLEIGH ROAD, 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 516 RAYLEIGH ROAD). 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 516 RAYLEIGH ROAD?

516 RAYLEIGH ROAD is located in LEIGH-ON-SEA, in the SS9 postcode district. The below map shows the position of No. 516 on RAYLEIGH ROAD.