38, THE DRIVE, WESTCLIFF-ON-SEA, SS0 8PN - £1,130,000

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

38 THE DRIVE is a very large extended detached house of 228m², built sometime between 1900 and 1929. It was last sold for £1,130,000 in September 2019, which was around 113% above the average September 2019 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

38 THE DRIVE Sold Prices

Land registry data shows three sales for 38 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. All of the three 38 THE DRIVE 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
2019 17 SEP	£1,130,000	£531,655	113% above HPI
2009 20 MAR	£549,950	£281,658	95% above HPI
1998 29 MAY	£187,500	£111,071	69% above HPI

38 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The three 38 THE DRIVE sales between May 1998 and September 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 March 2009 sale was for 95% above the HPI. So the extrapolation line tracks at 95% above the HPI over time, until the September 2019 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

How Large is 38 THE DRIVE?

38 THE DRIVE is 228m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of detached houses by size in Southend-on-Sea, and where 38 THE DRIVE lies on this distribution: 93% of detached houses are smaller than 38 THE DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

38 THE DRIVE: Plot and Title Map

38 THE DRIVE sits on a plot of roughly 0.103 of an acre, or 419m². The below map shows the location of 38 THE 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 38 THE 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 38 THE DRIVE?

38 THE DRIVE is located in WESTCLIFF-ON-SEA, in the SS0 postcode district. The below map shows the position of No. 38 on THE DRIVE.