7, READ CLOSE, HOCKLEY, SS5 4LS - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 READ CLOSE is a midsized detached house of 143m², built sometime between 1996 and 2002, which could now be worth an estimated £655,726. It was last sold for £375,000 in May 2013, which was around 6% above the average May 2013 detached price in the Rochford local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

7 READ CLOSE Sold Prices

Land registry data shows two sales for 7 READ CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. Both of the two 7 READ CLOSE 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 10 MAY	£375,000	£353,404	6% above HPI
1995 7 JUL	£179,000	£98,157	82% above HPI

7 READ CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochford local authority area over time, sourced from the HPI. The two 7 READ CLOSE sales from July 1995 and May 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 July 1995 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the May 2013 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 7 READ CLOSE be worth now?

7 READ CLOSE might now be worth an estimated £655,726.

This is based on house price inflation of 74.9%, between May 2013 and December 2024, for detached houses, in the Rochford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.9% inflationary increase is applied to the most recent sale price for 7 READ CLOSE of £375,000 on 10th May 2013. For the value to have increased from £375,000 to £655,726 over the ten years and five months to December 2024, the following assumptions must hold true:

• The value of 7 READ CLOSE has moved in line with the HPI for detached houses in the Rochford local authority area.
• The May 2013 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 READ CLOSE has not materially changed since May 2013.

How Large is 7 READ CLOSE?

7 READ CLOSE is 143m² according to the EPC inspection conducted in March 2010. This puts it in the largest 50% of detached houses houses in Hawkwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hawkwell, and where 7 READ CLOSE lies on this distribution: 53% of detached houses houses are smaller than 7 READ CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Hawkwell.

7 READ CLOSE: Plot and Title Map

7 READ CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 7 READ 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 7 READ 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 7 READ CLOSE?

7 READ CLOSE is located in HOCKLEY, in the SS5 postcode district. The below map shows the position of No. 7 on READ CLOSE.