423, FAIRFAX DRIVE, WESTCLIFF-ON-SEA, SS0 9LY - £275,000

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

423 FAIRFAX DRIVE is a small detached house of 93m², built sometime between 1930 and 1949. It was last sold for £275,000 in October 2016, which was around 41% below the average October 2016 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was March 2013, where the current energy rating was F, and the potential energy rating was D.

423 FAIRFAX DRIVE Sold Prices

Land registry data shows two sales for 423 FAIRFAX DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 423 FAIRFAX DRIVE 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
2016 25 OCT	£275,000	£463,917	41% below HPI
2013 24 APR	£226,000	£323,521	30% below HPI

423 FAIRFAX 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 two 423 FAIRFAX DRIVE sales from April 2013 and October 2016 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 April 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2016 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 423 FAIRFAX DRIVE?

423 FAIRFAX DRIVE is 93m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% 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 423 FAIRFAX DRIVE lies on this distribution: 25% of detached houses are smaller than 423 FAIRFAX DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

423 FAIRFAX DRIVE: Plot and Title Map

423 FAIRFAX DRIVE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 423 FAIRFAX 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 423 FAIRFAX 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 423 FAIRFAX DRIVE?

423 FAIRFAX DRIVE is located in WESTCLIFF-ON-SEA, in the SS0 postcode district. The below map shows the position of No. 423 on FAIRFAX DRIVE.