1, SPA CLOSE, HOCKLEY, SS5 4AY - £460,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 SPA CLOSE is a small extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £460,000 in October 2019, which was around 11% below the average October 2019 detached price in the Rochford local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was C.

1 SPA CLOSE Sold Prices

Land registry data shows two sales for 1 SPA 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. Both of the two 1 SPA CLOSE 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 17 OCT	£460,000	£517,828	11% below HPI
2018 18 MAY	£325,000	£504,466	36% below HPI

1 SPA CLOSE 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 1 SPA CLOSE sales from May 2018 and October 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 May 2018 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 SPA CLOSE?

1 SPA CLOSE is 117m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% of detached houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley, and where 1 SPA CLOSE lies on this distribution: 36% of detached houses are smaller than 1 SPA CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Hockley.

1 SPA CLOSE: Plot and Title Map

1 SPA CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 1 SPA CLOSE, 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 1 SPA CLOSE). 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 1 SPA CLOSE?

1 SPA CLOSE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 1 on SPA CLOSE.