5, READ CLOSE, HOCKLEY, SS5 4LS - £239,500

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.

5 READ CLOSE is a detached house, which could now be worth an estimated £1,218,037. It was last sold for £239,500 in February 1998, which was around 95% above the average February 1998 detached price in the Rochford local authority area.

5 READ CLOSE Sold Prices

Land registry data shows two sales for 5 READ CLOSE 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 READ CLOSE 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
1998 9 FEB	£239,500	£123,019	95% above HPI
1997 21 MAR	£60,000	£107,336	44% below HPI

What might 5 READ CLOSE be worth now?

5 READ CLOSE might now be worth an estimated £1,218,037.

This is based on house price inflation of 408.6%, between February 1998 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 408.6% inflationary increase is applied to the most recent sale price for 5 READ CLOSE of £239,500 on 9th February 1998. For the value to have increased from £239,500 to £1,218,037 over the 27 years and ten months to April 2026, the following assumptions must hold true:

• The value of 5 READ CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The February 1998 sale price of £239,500 represented a fair market value for the property.
• The size, condition, and specification of 5 READ CLOSE has not materially changed since February 1998.

Where is 5 READ CLOSE?

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