2, WELBECK CLOSE, HOCKLEY, SS5 4EU - £350,000

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 WELBECK CLOSE is a small extended detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £645,640. It was last sold for £350,000 in March 2012, which was around 4% above the average March 2012 detached price in the Rochford local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

2 WELBECK CLOSE Sold Prices

Land registry data shows five sales for 2 WELBECK CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Most of the five 2 WELBECK CLOSE sales were for above 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
2012 21 MAR	£350,000	£337,247	4% above HPI
2004 1 JUL	£271,000	£300,669	10% below HPI
2001 20 APR	£193,000	£189,421	2% above HPI
1998 20 AUG	£146,950	£129,150	14% above HPI
1997 30 JUL	£133,000	£111,600	19% above HPI

2 WELBECK 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 five 2 WELBECK CLOSE sales between July 1997 and March 2012 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 July 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2012 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 2 WELBECK CLOSE be worth now?

2 WELBECK CLOSE might now be worth an estimated £645,640.

This is based on house price inflation of 84.5%, between March 2012 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 84.5% inflationary increase is applied to the most recent sale price for 2 WELBECK CLOSE of £350,000 on 21st March 2012. For the value to have increased from £350,000 to £645,640 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 2 WELBECK CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The March 2012 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELBECK CLOSE has not materially changed since March 2012.

How Large is 2 WELBECK CLOSE?

2 WELBECK CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 40% of detached houses houses in Hawkwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hawkwell, and where 2 WELBECK CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 WELBECK CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Hawkwell.

2 WELBECK CLOSE: Plot and Title Map

2 WELBECK CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 2 WELBECK 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 2 WELBECK 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 2 WELBECK CLOSE?

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