5, GREAT EASTERN ROAD, HOCKLEY, SS5 4BX - £375,000

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 GREAT EASTERN ROAD is a midsized extended detached house of 122m², built sometime between 1950 and 1966, which could now be worth an estimated £681,200. It was last sold for £375,000 in August 2013, which was around 7% above the average August 2013 detached price in the Rochford local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

5 GREAT EASTERN ROAD Sold Prices

Land registry data shows two sales for 5 GREAT EASTERN ROAD 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. One of the two 5 GREAT EASTERN ROAD sales was for above the average price, whilst the other was 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
2013 23 AUG	£375,000	£350,472	7% above HPI
2012 9 MAR	£199,950	£337,247	41% below HPI

5 GREAT EASTERN ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The two 5 GREAT EASTERN ROAD sales from March 2012 and August 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2012 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2013 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 5 GREAT EASTERN ROAD be worth now?

5 GREAT EASTERN ROAD might now be worth an estimated £681,200.

This is based on house price inflation of 81.7%, between August 2013 and May 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 81.7% inflationary increase is applied to the most recent sale price for 5 GREAT EASTERN ROAD of £375,000 on 23rd August 2013. For the value to have increased from £375,000 to £681,200 over the thirteen years and three months to May 2026, the following assumptions must hold true:

• The value of 5 GREAT EASTERN ROAD has moved in line with the HPI for detached houses in the Rochford local authority area.
• The August 2013 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREAT EASTERN ROAD has not materially changed since August 2013.

How Large is 5 GREAT EASTERN ROAD?

5 GREAT EASTERN ROAD is 122m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% of detached houses houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hockley, and where 5 GREAT EASTERN ROAD lies on this distribution: 40% of detached houses houses are smaller than 5 GREAT EASTERN ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Hockley.

5 GREAT EASTERN ROAD: Plot and Title Map

5 GREAT EASTERN ROAD sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 5 GREAT EASTERN ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 GREAT EASTERN ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 GREAT EASTERN ROAD?

5 GREAT EASTERN ROAD is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 5 on GREAT EASTERN ROAD.