GRASSCROFT, FOLLY CHASE, HOCKLEY, SS5 4SF - £550,000

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

GRASSCROFT is a small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £550,000 in October 2014, which was around 48% above the average October 2014 detached price in the Rochford local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

GRASSCROFT Sold Prices

Land registry data shows two sales for GRASSCROFT 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 GRASSCROFT 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
2014 29 OCT	£550,000	£371,775	48% above HPI
1995 15 NOV	£132,600	£91,569	45% above HPI

GRASSCROFT 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 GRASSCROFT sales from November 1995 and October 2014 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 November 1995 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2014 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is GRASSCROFT?

GRASSCROFT is 116m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley, and where GRASSCROFT lies on this distribution: 35% of detached houses are smaller than GRASSCROFT, and 65% of houses are larger. Note that EPC data is not available for all properties in Hockley.

GRASSCROFT: Plot and Title Map

GRASSCROFT sits on a plot of roughly 0.207 of an acre, or 840m². The below map shows the location of GRASSCROFT, 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 GRASSCROFT). 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 GRASSCROFT?

GRASSCROFT is located on FOLLY CHASE in HOCKLEY, in the SS5 postcode district. The below map shows the position of GRASSCROFT on FOLLY CHASE.