7, DRAKE ROAD, WESTCLIFF-ON-SEA, SS0 8LP - £1,100,000

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

7 DRAKE ROAD is a very large extended detached house of 328m², built sometime between 1930 and 1949. It was last sold for £1,100,000 in December 2013, which was around 225% above the average December 2013 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was C.

7 DRAKE ROAD Sold Prices

Land registry data shows two sales for 7 DRAKE ROAD 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 7 DRAKE ROAD 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
2013 2 DEC	£1,100,000	£338,827	225% above HPI
2002 22 OCT	£575,000	£227,015	153% above HPI

7 DRAKE ROAD 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 7 DRAKE ROAD sales from October 2002 and December 2013 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 2002 sale was for 153% above the HPI. So the extrapolation line tracks at 153% above the HPI over time, until the December 2013 sale, where it rises to 225% above the HPI. The line then continues to track at 225% above the HPI.

How Large is 7 DRAKE ROAD?

7 DRAKE ROAD is 328m², which includes two extensions, according to the EPC inspection conducted in December 2012. 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 7 DRAKE ROAD lies on this distribution: 98% of detached houses are smaller than 7 DRAKE ROAD, and 2% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

7 DRAKE ROAD: Plot and Title Map

7 DRAKE ROAD sits on a plot of roughly 0.227 of an acre, or 919m². The below map shows the location of 7 DRAKE 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 7 DRAKE 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 7 DRAKE ROAD?

7 DRAKE ROAD is located in WESTCLIFF-ON-SEA, in the SS0 postcode district. The below map shows the position of No. 7 on DRAKE ROAD.