8, WALLACE CLOSE, HULLBRIDGE, HOCKLEY, SS5 6NE - £240,000

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

8 WALLACE CLOSE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £240,000 in July 2017, which was around 52% below the average July 2017 detached price in the Rochford local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

8 WALLACE CLOSE Sold Prices

Land registry data shows three sales for 8 WALLACE 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 Rochford local authority area for the corresponding sale date. All of the three 8 WALLACE 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 26 JUL	£240,000	£496,368	52% below HPI
2004 4 JUN	£159,000	£278,495	43% below HPI
1998 29 MAY	£59,500	£114,922	48% below HPI

8 WALLACE 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 three 8 WALLACE CLOSE sales between May 1998 and July 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 June 2004 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the July 2017 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 8 WALLACE CLOSE?

8 WALLACE CLOSE is 77m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Hullbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Hullbridge, and where 8 WALLACE CLOSE lies on this distribution: 12% of detached houses are smaller than 8 WALLACE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Hullbridge.

8 WALLACE CLOSE: Plot and Title Map

8 WALLACE CLOSE sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 8 WALLACE 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 8 WALLACE 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 8 WALLACE CLOSE?

8 WALLACE CLOSE is located in HULLBRIDGE, in the SS5 postcode district. The below map shows the position of No. 8 on WALLACE CLOSE.