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According to the public record, 48, Priory Chase, Rayleigh is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 48, Priory Chase, Rayleigh is £216,988 and the estimated rental value is £1,132 per month.
Priory Chase, Rayleigh, SS6 is located in the borough of Rochford within the SS6 postal district.
48, Priory Chase, Rayleigh has 2 entries in the Land Registry , most recently in April 2022 and a single entry in the EPC database dated November 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 48, Priory Chase, Rayleigh is in very good condition we estimate a sale value of £227,837 and a rental value of £1,188 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,799 and a rental value of £1,053 per month.
Over the last 12 months the sale value of 48 Priory Chase Rayleigh has decreased by an estimated £478 (0.2%) and its rental value has increased by an estimated £23 per month (2.0%), giving an expected gross yield of 6.3%.
48, Priory Chase, Rayleigh has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Nov 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 48, Priory Chase, Rayleigh was last sold on 7th April 2022 for £212,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since April 2022, the market for similar properties has dropped 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Priory Chase, Rayleigh within a radius of 910 metres over the last 2 years.
The most recent example is 33, Kelso Close, Rayleigh, SS6 9RT, a leasehold flat which sold for £267,500 on the 21st June 2024.
Read more about house prices in SS6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Priory Chase, Rayleigh, SS6 has a total of 74 addresses. According to our analysis of all the public data, 48, Priory Chase, Rayleigh is the 28th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £224k less expensive than the average property in SS6.
The closest station to 48, Priory Chase, Rayleigh is Rayleigh station which is 1.6 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 48, Priory Chase, Rayleigh, 44.6% of property is privately owned with a mortgage and 33.9% is socially rented.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 48, Priory Chase, Rayleigh, 26.5% of residents are recorded as possessing school level qualifications and 23.0% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 48, Priory Chase, Rayleigh, the average age was 39.6 and the most common age was 52.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 48, Priory Chase, Rayleigh, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 48, Priory Chase, Rayleigh, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
