2 Penny Close

    2, PENNY CLOSE, RAINHAM, RM13 9NE

    This flat/maisonette leasehold property on Penny Close last sold in July 1998 for £42,000. Based on price growth in the RM13 district since then, its estimated current value is £230,006 — placing it in the 32nd percentile nationally and the 7th percentile within RM13. The property covers 47 m² (506 sq ft), giving an estimated value of £4,894 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £42,000

    Jul 1998

    Estimated Valuation

    £230,006

    Est. £/sq ft

    £455/sq ft

    £4,894/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialC
    Floor area506 sq ft (47 m²)
    EPC dateJan 2019
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 Jul 1998

    £42,000

    Key Metrics

    Estimated valuation£230,006
    Value per sq ft / m²£455/sq ft (£4,894/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    RM13 district percentile7th percentile
    National percentile32nd percentile

    District Context — RM13

    RM13 covers Southend-on-Sea and surrounding areas in Essex, positioned on the Thames estuary east of London. It is a mixed residential area with seaside heritage, offering suburban living with transport links to the capital.

    Average Property Price - RM13

    £414,366

    70

    National percentile

    Average Net Household Income - RM13

    £47,421

    82

    National percentile

    10-Year Annualised Price Growth - RM13

    4.6%

    83

    National percentile

    10-Year Annualised Rent Growth - RM

    4.4%

    80

    National percentile

    View full analysis for RM13

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