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Rayleigh House Prices Rayleigh House Prices

The average house price in Rayleigh is £397,240 using HM Land Registry data.

The average property price increased by £91,424 (24.75%) over the last 5 years and increased by £18,272 (4.13%) over the last 12 months.

Over the last year, there were 384 residential property sales – a decrease of 158 transactions (-41.15%) relative to the previous year. The majority of house sales (107) were in the £376,000 - £454,000 range. Then came properties in the £298,000 - £376,000 range, where 85 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,367 (-2%).

In April 2024, there were 81 new estate agency instructions, 60 agreed home sales and 44 property price reductions.

Neighbouring Areas: Hockley and Hawkwell, Thundersley and South Benfleet, Southend-on-Sea

Postcodes Covered: SS11, SS6, SS7

5-Year Average Property Prices in Rayleigh

24.75%

Property prices in Rayleigh increased by 24.75% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Rayleigh Over the Last Year

4.13%

Property prices in Rayleigh increased by 4.13% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Rayleigh - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Rayleigh

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Rayleigh

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Rayleigh

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Rayleigh since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Rayleigh area since 1995.

Recent Property Sales in Rayleigh

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Alexandria Drive, Rayleigh, Essex, SS6 9ED£340,000£250,000-£90,00003 Jun 201727 Feb 20242460 Days
32 Priory Chase, Rayleigh, Essex, SS6 9NF£220,000£220,000£0014 Dec 202326 Feb 202474 Days
19 Cheapside West, Rayleigh, Essex, SS6 9BY£400,000£400,000£0028 Jul 202315 Feb 2024202 Days
40 Louis Drive East, Rayleigh, Essex, SS6 9DU£350,000£340,000-£10,00012 Oct 202308 Feb 2024119 Days
7 The Glen, Rayleigh, Essex, SS6 7QZ£750,000£727,000-£23,00004 Jul 202301 Feb 2024212 Days
31b, Eastwood Road, Rayleigh, Essex, SS6 7JD£210,000£205,000-£5,00014 Jun 202316 Jan 2024216 Days
105 Richmond Drive, Rayleigh, Essex, SS6 7RJ£350,000£350,000£0006 Sep 202315 Jan 2024131 Days
26 Dawlish Crescent, Rayleigh, Essex, SS6 9PN£375,000£375,000£0030 Jun 202315 Dec 2023168 Days
3 Plowmans, Rayleigh, Essex, SS6 8BT£500,000£488,000-£12,00019 Jun 202314 Dec 2023178 Days
Ferndale, Stile Lane, Rayleigh, Essex, SS6 8JA£875,000£414,000-£461,00008 Apr 202314 Dec 2023250 Days
48 Alexandra Road, Rayleigh, Essex, SS6 8HS£425,000£396,500-£28,50003 Mar 202311 Dec 2023283 Days
4 Shannon Avenue, Rayleigh, Essex, SS6 7ST£425,000£420,000-£5,00025 Aug 202307 Dec 2023104 Days
195 London Road, Rayleigh, Essex, SS6 9DN£400,000£400,000£0009 Jul 202301 Dec 2023145 Days
55 Purleigh Road, Rayleigh, Essex, SS6 9AW£450,000£435,000-£15,00004 Jul 202301 Dec 2023150 Days
49 Louis Drive, Rayleigh, Essex, SS6 9DX£425,000£425,000£0013 Aug 202301 Dec 2023110 Days
17 Alexandria Drive, Rayleigh, Essex, SS6 9ED£365,000£350,000-£15,00030 Mar 202330 Nov 2023245 Days
Flat 15, Homeregal House, Bellingham Lane, Rayleigh, Essex, SS6 7HN£235,000£221,000-£14,00020 Apr 202327 Nov 2023221 Days
27 Burrows Way, Rayleigh, Essex, SS6 7DF£500,000£470,000-£30,00026 Dec 202227 Nov 2023336 Days
Flat 12, Homeregal House, Bellingham Lane, Rayleigh, Essex, SS6 7HN£160,000£152,000-£8,00011 Jan 202323 Nov 2023316 Days
20 The Approach, Rayleigh, Essex, SS6 9AA£385,000£385,000£0018 Aug 202323 Nov 202397 Days

Most Expensive Streets in Rayleigh

PostcodeStreetAreaAverageNo. of Sales
SS6 7AWGreat Wheatley RoadRayleigh£2,033,3333
SS6 7AXWestern RoadRayleigh£1,453,0005
SS6 7AYWestern RoadRayleigh£1,308,8333
SS6 7APGreat Wheatley RoadRayleigh£915,0005
SS6 7BBGladstone GardensRayleigh£763,3333
SS6 7JSWhite House ChaseRayleigh£760,0003
SS6 7DNRookery CloseRayleigh£735,0003
SS6 7HPLondon HillRayleigh£734,5628
SS6 8BQHockley RoadRayleigh£711,6663
SS6 8HQNelson RoadRayleigh£705,4287

Least Expensive Streets in Rayleigh

PostcodeStreetAreaAverageNo. of Sales
SS6 9LLSheriton SquareRayleigh£171,45623
SS6 7HNHomeregal HouseBellingham Lane£176,88419
SS6 7JDEastwood RoadRayleigh£180,0004
SS6 9JQBenleigh HouseMarina Avenue£180,2504
SS6 8JQWebster CourtWebsters Way£182,2504
SS6 7HYCrown HeightsCrown Hill£184,8128
SS6 8JLKing Georges CloseRayleigh£184,8333
SS6 7EAHigh StreetRayleigh£185,6663
SS6 8SUWorcester DriveRayleigh£186,6663
SS6 8BEBrooklandsHockley Road£189,16612

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