508, FAIRFAX DRIVE, WESTCLIFF-ON-SEA, SS0 9RL - £177,000

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

508 FAIRFAX DRIVE is a very small detached house of 70m², built sometime between 1930 and 1949. It was last sold for £177,000 in June 2006, which was around 41% below the average June 2006 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was B.

508 FAIRFAX DRIVE Sold Prices

Land registry data shows three sales for 508 FAIRFAX 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 508 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
2006 30 JUN	£177,000	£299,431	41% below HPI
1998 16 OCT	£59,995	£117,850	49% below HPI
1996 30 MAY	£55,000	£89,605	39% below HPI

508 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 three 508 FAIRFAX DRIVE sales between May 1996 and June 2006 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 October 1998 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the June 2006 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 508 FAIRFAX DRIVE?

508 FAIRFAX DRIVE is 70m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 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 508 FAIRFAX DRIVE lies on this distribution: 7% of detached houses are smaller than 508 FAIRFAX DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

508 FAIRFAX DRIVE: Plot and Title Map

508 FAIRFAX DRIVE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 508 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 508 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 508 FAIRFAX DRIVE?

508 FAIRFAX DRIVE is located in WESTCLIFF-ON-SEA, in the SS0 postcode district. The below map shows the position of No. 508 on FAIRFAX DRIVE.