24A, CHEAPSIDE WEST, RAYLEIGH, SS6 9BX - £232,500

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.

24A CHEAPSIDE WEST is a very large flat of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £240,383. It was last sold for £232,500 in February 2021, which was around 33% above the average February 2021 flat price in the Rochford local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was C.

24A CHEAPSIDE WEST Sold Prices

Land registry data shows three sales for 24A CHEAPSIDE WEST since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Rochford local authority area for the corresponding sale date. All of the three 24A CHEAPSIDE WEST 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
2021 16 FEB	£232,500	£175,114	33% above HPI
2007 19 OCT	£153,000	£144,178	6% above HPI
2000 12 MAY	£55,000	£53,189	3% above HPI

What might 24A CHEAPSIDE WEST be worth now?

24A CHEAPSIDE WEST might now be worth an estimated £240,383.

This is based on house price inflation of 3.4%, between February 2021 and May 2026, for flats, in the Rochford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.4% inflationary increase is applied to the most recent sale price for 24A CHEAPSIDE WEST of £232,500 on 16th February 2021. For the value to have increased from £232,500 to £240,383 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 24A CHEAPSIDE WEST has moved in line with the HPI for flats in the Rochford local authority area.
• The February 2021 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 24A CHEAPSIDE WEST has not materially changed since February 2021.

How Large is 24A CHEAPSIDE WEST?

24A CHEAPSIDE WEST is 65m² according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of flats in Rayleigh, based on EPC data. 80% of flats are smaller than 24A CHEAPSIDE WEST, and 18% of flats are larger. Note that EPC data is not available for all properties in Rayleigh.

24A CHEAPSIDE WEST: Plot

24A CHEAPSIDE WEST sits on a plot of roughly 0.405 of an acre, or 1,640m².

Where is 24A CHEAPSIDE WEST?

24A CHEAPSIDE WEST is located in RAYLEIGH, in the SS6 postcode district.