5, ELY WAY, RAYLEIGH, SS6 9TR - £238,500

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.

5 ELY WAY is a detached house, which could now be worth an estimated £535,262. It was last sold for £238,500 in August 2003, which was around 16% below the average August 2003 detached price in the Rochford local authority area.

5 ELY WAY Sold Prices

Land registry data shows two sales for 5 ELY WAY 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 5 ELY WAY 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
2003 8 AUG	£238,500	£284,222	16% below HPI
1997 27 JUN	£106,500	£110,158	3% below HPI

What might 5 ELY WAY be worth now?

5 ELY WAY might now be worth an estimated £535,262.

This is based on house price inflation of 124.4%, between August 2003 and July 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 124.4% inflationary increase is applied to the most recent sale price for 5 ELY WAY of £238,500 on 8th August 2003. For the value to have increased from £238,500 to £535,262 over the 23 years and one month to July 2026, the following assumptions must hold true:

• The value of 5 ELY WAY has moved in line with the HPI for detached houses in the Rochford local authority area.
• The August 2003 sale price of £238,500 represented a fair market value for the property.
• The size, condition, and specification of 5 ELY WAY has not materially changed since August 2003.

Where is 5 ELY WAY?

5 ELY WAY is located in RAYLEIGH, in the SS6 postcode district.