31, CHEAPSIDE WEST, RAYLEIGH, SS6 9BX - £270,000

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.

31 CHEAPSIDE WEST is a detached house, which could now be worth an estimated £553,212. It was last sold for £270,000 in May 2005, which was around 13% below the average May 2005 detached price in the Rochford local authority area.

31 CHEAPSIDE WEST Sold Prices

Land registry data shows two sales for 31 CHEAPSIDE WEST 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 31 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
2005 16 MAY	£270,000	£310,720	13% below HPI
2002 23 OCT	£185,000	£249,639	26% below HPI

What might 31 CHEAPSIDE WEST be worth now?

31 CHEAPSIDE WEST might now be worth an estimated £553,212.

This is based on house price inflation of 104.9%, between May 2005 and May 2026, 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 104.9% inflationary increase is applied to the most recent sale price for 31 CHEAPSIDE WEST of £270,000 on 16th May 2005. For the value to have increased from £270,000 to £553,212 over the 21 years to May 2026, the following assumptions must hold true:

• The value of 31 CHEAPSIDE WEST has moved in line with the HPI for detached houses in the Rochford local authority area.
• The May 2005 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CHEAPSIDE WEST has not materially changed since May 2005.

Where is 31 CHEAPSIDE WEST?

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