2, BULLWOOD APPROACH, HOCKLEY, SS5 4RR - £530,000

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.

2 BULLWOOD APPROACH is a very small detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £544,857. It was last sold for £530,000 in August 2022, which was around 12% below the average August 2022 detached price in the Rochford local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

2 BULLWOOD APPROACH Sold Prices

Land registry data shows three sales for 2 BULLWOOD APPROACH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the three 2 BULLWOOD APPROACH 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
2022 2 AUG	£530,000	£605,151	12% below HPI
2017 16 AUG	£345,000	£532,658	35% below HPI
2004 20 FEB	£195,000	£295,795	34% below HPI

2 BULLWOOD APPROACH 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 three 2 BULLWOOD APPROACH sales between February 2004 and August 2022 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 August 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 BULLWOOD APPROACH be worth now?

2 BULLWOOD APPROACH might now be worth an estimated £544,857.

This is based on house price inflation of 2.8%, between August 2022 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 2.8% inflationary increase is applied to the most recent sale price for 2 BULLWOOD APPROACH of £530,000 on 2nd August 2022. For the value to have increased from £530,000 to £544,857 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 2 BULLWOOD APPROACH has moved in line with the HPI for detached houses in the Rochford local authority area.
• The August 2022 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BULLWOOD APPROACH has not materially changed since August 2022.

How Large is 2 BULLWOOD APPROACH?

2 BULLWOOD APPROACH is 88m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% 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 2 BULLWOOD APPROACH lies on this distribution: 11% of detached houses houses are smaller than 2 BULLWOOD APPROACH, and 88% of houses are larger. Note that EPC data is not available for all properties in Hockley.

2 BULLWOOD APPROACH: Plot and Title Map

2 BULLWOOD APPROACH sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 2 BULLWOOD APPROACH, 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 2 BULLWOOD APPROACH). 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 2 BULLWOOD APPROACH?

2 BULLWOOD APPROACH is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 2 on BULLWOOD APPROACH.