12, WESTMINSTER DRIVE, HOCKLEY, SS5 4XD - £242,000

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.

12 WESTMINSTER DRIVE is a small detached house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £474,972. It was last sold for £242,000 in February 2006, which was around 24% below the average February 2006 detached price in the Rochford local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

12 WESTMINSTER DRIVE Sold Prices

Land registry data shows two sales for 12 WESTMINSTER 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. Both of the two 12 WESTMINSTER DRIVE 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
2006 17 FEB	£242,000	£316,970	24% below HPI
2002 23 APR	£177,995	£214,510	17% below HPI

12 WESTMINSTER 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 12 WESTMINSTER DRIVE sales from April 2002 and February 2006 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 April 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2006 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 12 WESTMINSTER DRIVE be worth now?

12 WESTMINSTER DRIVE might now be worth an estimated £474,972.

This is based on house price inflation of 96.3%, between February 2006 and February 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 96.3% inflationary increase is applied to the most recent sale price for 12 WESTMINSTER DRIVE of £242,000 on 17th February 2006. For the value to have increased from £242,000 to £474,972 over the nineteen years to February 2025, the following assumptions must hold true:

• The value of 12 WESTMINSTER DRIVE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The February 2006 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WESTMINSTER DRIVE has not materially changed since February 2006.

How Large is 12 WESTMINSTER DRIVE?

12 WESTMINSTER DRIVE is 109m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 30% of detached houses houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hockley, and where 12 WESTMINSTER DRIVE lies on this distribution: 27% of detached houses houses are smaller than 12 WESTMINSTER DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Hockley.

12 WESTMINSTER DRIVE: Plot and Title Map

12 WESTMINSTER DRIVE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 12 WESTMINSTER 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 12 WESTMINSTER 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 12 WESTMINSTER DRIVE?

12 WESTMINSTER DRIVE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 12 on WESTMINSTER DRIVE.