4, WELCH CLOSE, SOUTHEND-ON-SEA, SS2 4SH - £190,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 WELCH CLOSE is a very small semi-detached house of 77m², built sometime between 1950 and 1966. It was last sold for £190,000 in February 2017, which was around 60% below the average February 2017 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

4 WELCH CLOSE Sold Prices

Land registry data shows three sales for 4 WELCH CLOSE 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 4 WELCH CLOSE 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
2017 3 FEB	£190,000	£478,315	60% below HPI
2013 15 MAR	£142,000	£319,360	56% below HPI
2004 8 JUN	£129,000	£280,696	54% below HPI

4 WELCH CLOSE 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 4 WELCH CLOSE sales between June 2004 and February 2017 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 2013 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the February 2017 sale, where it falls to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is 4 WELCH CLOSE?

4 WELCH CLOSE is 77m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% 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 4 WELCH CLOSE lies on this distribution: 12% of detached houses are smaller than 4 WELCH CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

4 WELCH CLOSE: Plot and Title Map

4 WELCH CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 4 WELCH 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 4 WELCH 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 4 WELCH CLOSE?

4 WELCH CLOSE is located in SOUTHEND-ON-SEA, in the SS2 postcode district. The below map shows the position of No. 4 on WELCH CLOSE.