4, READ CLOSE, HOCKLEY, SS5 4LS - £500,000

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.

4 READ CLOSE is a very large extended detached house of 191m², built sometime between 1991 and 1995, which could now be worth an estimated £556,856. It was last sold for £500,000 in February 2019, which was around 11% below the average February 2019 detached price in the Rochford local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

4 READ CLOSE Sold Prices

Land registry data shows one sale for 4 READ CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Rochford local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 15 FEB	£500,000	£561,765	11% below HPI

What might 4 READ CLOSE be worth now?

4 READ CLOSE might now be worth an estimated £556,856.

This is based on house price inflation of 11.4%, between February 2019 and April 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 11.4% inflationary increase is applied to the most recent sale price for 4 READ CLOSE of £500,000 on 15th February 2019. For the value to have increased from £500,000 to £556,856 over the six years and ten months to April 2026, the following assumptions must hold true:

• The value of 4 READ CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The February 2019 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 4 READ CLOSE has not materially changed since February 2019.

How Large is 4 READ CLOSE?

4 READ CLOSE is 191m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of detached houses in Hawkwell, based on EPC data. The below chart shows the distribution of detached houses by size in Hawkwell, and where 4 READ CLOSE lies on this distribution: 82% of detached houses are smaller than 4 READ CLOSE, and 17% of detached houses are larger. Note that EPC data is not available for all properties in Hawkwell.

4 READ CLOSE: Plot

4 READ CLOSE sits on a plot of roughly 0.141 of an acre, or 570m².

Where is 4 READ CLOSE?

4 READ CLOSE is located in HOCKLEY, in the SS5 postcode district.