51, THE DRIVE, HULLBRIDGE, HOCKLEY, SS5 6LZ - £645,000

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.

51 THE DRIVE is a very large extended detached house of 202m², built sometime between 1983 and 1990, which could now be worth an estimated £723,738. It was last sold for £645,000 in March 2021, which was around 19% above the average March 2021 detached price in the Rochford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

51 THE DRIVE Sold Prices

Land registry data shows two sales for 51 THE DRIVE 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 51 THE DRIVE 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
2021 11 MAR	£645,000	£543,535	19% above HPI
2012 1 JUN	£325,000	£346,249	6% below HPI

51 THE DRIVE 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 51 THE DRIVE sales from June 2012 and March 2021 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 June 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 51 THE DRIVE be worth now?

51 THE DRIVE might now be worth an estimated £723,738.

This is based on house price inflation of 12.2%, between March 2021 and March 2025, 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 12.2% inflationary increase is applied to the most recent sale price for 51 THE DRIVE of £645,000 on 11th March 2021. For the value to have increased from £645,000 to £723,738 over the four years to March 2025, the following assumptions must hold true:

• The value of 51 THE DRIVE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The March 2021 sale price of £645,000 represented a fair market value for the property.
• The size, condition, and specification of 51 THE DRIVE has not materially changed since March 2021.

How Large is 51 THE DRIVE?

51 THE DRIVE is 202m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 10% of detached houses houses in Hullbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hullbridge, and where 51 THE DRIVE lies on this distribution: 93% of detached houses houses are smaller than 51 THE DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Hullbridge.

51 THE DRIVE: Plot and Title Map

51 THE DRIVE sits on a plot of roughly 0.246 of an acre, or 995m². The below map shows the location of 51 THE DRIVE, 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 51 THE DRIVE). 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 51 THE DRIVE?

51 THE DRIVE is located in HULLBRIDGE, in the SS5 postcode district. The below map shows the position of No. 51 on THE DRIVE.