60, THE APPROACH, RAYLEIGH, SS6 9AE - £462,000

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.

60 THE APPROACH is a large extended detached house of 144m², built sometime between 1930 and 1949, which could now be worth an estimated £509,942. It was last sold for £462,000 in August 2020, which was around 16% below the average August 2020 detached price in the Rochford local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

60 THE APPROACH Sold Prices

Land registry data shows two sales for 60 THE APPROACH since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 60 THE APPROACH 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 14 AUG	£462,000	£552,549	16% below HPI
2009 30 JAN	£175,000	£324,465	46% below HPI

60 THE APPROACH 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 two 60 THE APPROACH sales from January 2009 and August 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 January 2009 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 60 THE APPROACH be worth now?

60 THE APPROACH might now be worth an estimated £509,942.

This is based on house price inflation of 10.4%, between August 2020 and March 2025, for detached 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 10.4% inflationary increase is applied to the most recent sale price for 60 THE APPROACH of £462,000 on 14th August 2020. For the value to have increased from £462,000 to £509,942 over the five years and five months to March 2025, the following assumptions must hold true:

• The value of 60 THE APPROACH has moved in line with the HPI for detached houses in the Rochford local authority area.
• The August 2020 sale price of £462,000 represented a fair market value for the property.
• The size, condition, and specification of 60 THE APPROACH has not materially changed since August 2020.

How Large is 60 THE APPROACH?

60 THE APPROACH is 144m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 30% of detached houses houses in Rayleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rayleigh, and where 60 THE APPROACH lies on this distribution: 71% of detached houses houses are smaller than 60 THE APPROACH, and 29% of houses are larger. Note that EPC data is not available for all properties in Rayleigh.

60 THE APPROACH: Plot and Title Map

60 THE APPROACH sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 60 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 60 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 60 THE APPROACH?

60 THE APPROACH is located in RAYLEIGH, in the SS6 postcode district. The below map shows the position of No. 60 on THE APPROACH.