53, CHEAPSIDE WEST, RAYLEIGH, SS6 9DE - £495,000

53 CHEAPSIDE WEST is a midsized extended detached house of 117m², built sometime between 1983 and 1990. It was last sold for £495,000 in November 2023, which was around 17% below the average November 2023 detached price in the Rochford local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

53 CHEAPSIDE WEST Sold Prices

Land registry data shows three sales for 53 CHEAPSIDE WEST since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the three 53 CHEAPSIDE WEST 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
2023 10 NOV	£495,000	£593,479	17% below HPI
2016 11 NOV	£350,000	£471,278	26% below HPI
1996 19 AUG	£84,000	£95,674	12% below HPI

53 CHEAPSIDE WEST 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 three 53 CHEAPSIDE WEST sales between August 1996 and November 2023 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 53 CHEAPSIDE WEST?

53 CHEAPSIDE WEST is 117m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 50% of detached houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Rayleigh, and where 53 CHEAPSIDE WEST lies on this distribution: 46% of detached houses are smaller than 53 CHEAPSIDE WEST, and 53% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

53 CHEAPSIDE WEST: Plot and Title Map

53 CHEAPSIDE WEST sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 53 CHEAPSIDE WEST, 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 53 CHEAPSIDE WEST). 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 53 CHEAPSIDE WEST?

53 CHEAPSIDE WEST is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 53 on CHEAPSIDE WEST.