23, MALVERN ROAD, HOCKLEY, SS5 5HZ - £525,000

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.

23 MALVERN ROAD is a midsized extended detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £567,092. It was last sold for £525,000 in February 2022, which was around 9% below the average February 2022 detached price in the Rochford local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

23 MALVERN ROAD Sold Prices

Land registry data shows three sales for 23 MALVERN ROAD 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 23 MALVERN ROAD 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 16 FEB	£525,000	£575,939	9% below HPI
2007 16 FEB	£268,000	£333,486	20% below HPI
1996 18 JAN	£84,000	£97,556	14% below HPI

23 MALVERN ROAD 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 23 MALVERN ROAD sales between January 1996 and February 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 February 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 23 MALVERN ROAD be worth now?

23 MALVERN ROAD might now be worth an estimated £567,092.

This is based on house price inflation of 8%, between February 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 8% inflationary increase is applied to the most recent sale price for 23 MALVERN ROAD of £525,000 on 16th February 2022. For the value to have increased from £525,000 to £567,092 over the three years to February 2025, the following assumptions must hold true:

• The value of 23 MALVERN ROAD has moved in line with the HPI for detached houses in the Rochford local authority area.
• The February 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MALVERN ROAD has not materially changed since February 2022.

How Large is 23 MALVERN ROAD?

23 MALVERN ROAD is 131m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% 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 23 MALVERN ROAD lies on this distribution: 47% of detached houses houses are smaller than 23 MALVERN ROAD, and 52% of houses are larger. Note that EPC data is not available for all properties in Hockley.

23 MALVERN ROAD: Plot and Title Map

23 MALVERN ROAD sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 23 MALVERN ROAD, 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 23 MALVERN ROAD). 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 23 MALVERN ROAD?

23 MALVERN ROAD is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 23 on MALVERN ROAD.