2, The Terrace
2, The Terrace
Description & Estimates
2, The Terrace, Rayleigh is recorded publicly as a period freehold house across 861 ft2 of internal area, sitting on a 286 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, The Terrace, Rayleigh is £284,406 and its rental estimate is £1,579 per month, given the available information and assuming reasonable condition.
The Terrace, Rayleigh, SS6 falls within the SS6 postal district, in the borough of Rochford.
Our Data Sources
2, The Terrace, Rayleigh has 2 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, The Terrace, Rayleigh, we estimate a market value of £298,627 and a rental value of £1,658 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £264,498 and £1,469 per month respectively.
Recent Market Change
Over the last year, 2, The Terrace, Rayleigh has seen its estimated sale value decline by £1,183 (0.4%) and its estimated rental value climb by £46 per month (2.9%). This results in an estimated gross rental yield of 6.7%.
Plot Size
HM Land Registry records the plot of land for 2, The Terrace, Rayleigh as measuring 286 m2.
That makes it the 5th largest plot in the postcode, where all 6 other houses have recorded plot data.
Energy Efficiency
2, The Terrace, Rayleigh has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, The Terrace, Rayleigh completed on 23rd October 2023 at £280,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 2.3% over the period since October 2023.
- Sold Oct 2023£280,000
- Sold Apr 2021£240,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 1.2 kilometres of 2, The Terrace, Rayleigh, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2021, was 1 Sunnyside, Rutland Drive, Rayleigh, SS6 9RE, a freehold house which sold for £330,000.
Read more about house prices in SS6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on The Terrace, Rayleigh, SS6, 2, The Terrace, Rayleigh comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £156k less expensive than the average property across the SS6 district.
More reading links
Schools Nearby
- 800mSt Nicholas Church of England Primary School
- 1.2kmDown Hall Primary School
- 1.8kmGlebe Primary School
- 1.4kmThe Sweyne Park School
- 2.2kmThe FitzWimarc School
- 4.0kmBeauchamps High School
More reading links
Public Transport Nearby
From 2, The Terrace, Rayleigh, the nearest station is Rayleigh, 2.1 kilometres away.
- 2.1kmRayleigh
- 3.0kmBattlesbridge
- 4.1kmHockley
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
