7, LODWICK, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9HW - £457,500

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.

7 LODWICK is a small detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £525,324. It was last sold for £457,500 in March 2019, which was around 14% below the average March 2019 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

7 LODWICK Sold Prices

Land registry data shows five sales for 7 LODWICK since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Most of the five 7 LODWICK sales were 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
2019 15 MAR	£457,500	£534,573	14% below HPI
2015 1 SEP	£345,000	£424,201	19% below HPI
1999 12 MAR	£104,000	£125,493	17% below HPI
1998 15 JAN	£60,000	£113,277	47% below HPI
1995 31 OCT	£114,500	£87,871	30% above HPI

7 LODWICK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The five 7 LODWICK sales between October 1995 and March 2019 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 September 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2019 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 LODWICK be worth now?

7 LODWICK might now be worth an estimated £525,324.

This is based on house price inflation of 14.8%, between March 2019 and June 2025, for detached houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for 7 LODWICK of £457,500 on 15th March 2019. For the value to have increased from £457,500 to £525,324 over the five years and nine months to June 2025, the following assumptions must hold true:

• The value of 7 LODWICK has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The March 2019 sale price of £457,500 represented a fair market value for the property.
• The size, condition, and specification of 7 LODWICK has not materially changed since March 2019.

How Large is 7 LODWICK?

7 LODWICK is 116m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shoeburyness, and where 7 LODWICK lies on this distribution: 40% of detached houses houses are smaller than 7 LODWICK, and 60% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

7 LODWICK: Plot and Title Map

7 LODWICK sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 7 LODWICK, 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 7 LODWICK). 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 7 LODWICK?

7 LODWICK is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 7 on LODWICK.