OAKLEY LODGE, BETTS LANE, HOCKLEY, SS5 4RD - £725,000

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

OAKLEY LODGE is a very large extended detached house of 220m², built sometime between 1996 and 2002. It was last sold for £725,000 in February 2020, which was around 41% above the average February 2020 detached price in the Rochford local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

OAKLEY LODGE Sold Prices

Land registry data shows four sales for OAKLEY LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochford local authority area for the corresponding sale date. All of the four OAKLEY LODGE 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
2020 28 FEB	£725,000	£512,813	41% above HPI
2009 30 MAR	£490,000	£311,846	57% above HPI
2008 24 JUL	£550,000	£335,828	64% above HPI
1996 29 MAR	£105,000	£92,069	14% above HPI

OAKLEY LODGE 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 four OAKLEY LODGE sales between March 1996 and February 2020 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 March 2009 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the February 2020 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is OAKLEY LODGE?

OAKLEY LODGE is 220m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 20% of detached houses in Hockley, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley, and where OAKLEY LODGE lies on this distribution: 88% of detached houses are smaller than OAKLEY LODGE, and 12% of houses are larger. Note that EPC data is not available for all properties in Hockley.

OAKLEY LODGE: Plot and Title Map

OAKLEY LODGE sits on a plot of roughly 0.238 of an acre, or 965m². The below map shows the location of OAKLEY LODGE, 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 OAKLEY LODGE). 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 OAKLEY LODGE?

OAKLEY LODGE is located on BETTS LANE in HOCKLEY, in the SS5 postcode district. The below map shows the position of OAKLEY LODGE on BETTS LANE.