IONA, BULL LANE, HOCKLEY, SS5 4RH - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

IONA is a very small detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £403,322. It was last sold for £365,000 in March 2019, which was around 35% below the average March 2019 detached price in the Rochford local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

IONA Sold Prices

Land registry data shows two sales for IONA 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 IONA 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
2019 21 MAR	£365,000	£563,004	35% below HPI
2011 11 DEC	£200,000	£335,809	40% below HPI

IONA 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 IONA sales from December 2011 and March 2019 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 December 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2019 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might IONA be worth now?

IONA might now be worth an estimated £403,322.

This is based on house price inflation of 10.5%, between March 2019 and February 2025, 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 10.5% inflationary increase is applied to the most recent sale price for IONA of £365,000 on 21st March 2019. For the value to have increased from £365,000 to £403,322 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of IONA has moved in line with the HPI for detached houses in the Rochford local authority area.
• The March 2019 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of IONA has not materially changed since March 2019.

How Large is IONA?

IONA is 68m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hockley, and where IONA lies on this distribution: 3% of detached houses houses are smaller than IONA, and 97% of houses are larger. Note that EPC data is not available for all properties in Hockley.

IONA: Plot and Title Map

IONA sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of IONA, 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 IONA). 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 IONA?

IONA is located on BULL LANE in HOCKLEY, in the SS5 postcode district. The below map shows the position of IONA on BULL LANE.