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Hockley and Hawkwell House Prices

The average house price in Hockley and Hawkwell is £485,937 using HM Land Registry data.

The average property price increased by £86,984 (20.82%) over the last 5 years and increased by £17,385 (3.57%) over the last 12 months.

Over the last year, there were 175 residential property sales – a decrease of 53 transactions (-30.29%) relative to the previous year. The majority of house sales (45) were in the £326,000 - £392,000 range. Then came properties in the £392,000 - £458,000 range, where 42 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,000 (-1%).

In April 2024, there were 51 new estate agency instructions, 34 agreed home sales and 23 property price reductions.

5-Year Average Property Prices in Hockley and Hawkwell

20.82%

Property prices in Hockley and Hawkwell increased by 20.82% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Hockley and Hawkwell Over the Last Year

3.57%

Property prices in Hockley and Hawkwell increased by 3.57% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Hockley and Hawkwell - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Hockley and Hawkwell

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Hockley and Hawkwell

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Hockley and Hawkwell

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Hockley and Hawkwell since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Hockley and Hawkwell area since 1995.

Recent Property Sales in Hockley and Hawkwell

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
6 Belvedere Avenue, Hockley, Essex, SS5 4UL	£475,000	£460,000	-£15,000	31 Aug 2023	14 Dec 2023	105 Days
48 Buckingham Road, Hockley, Essex, SS5 4UE	£267,500	£267,500	£00	07 Jul 2023	18 Sep 2023	73 Days
2 Willow Close, Hockley, Essex, SS5 5DH	£575,000	£570,000	-£5,000	28 Apr 2023	15 Sep 2023	140 Days
62 Southview Road, Hockley, Essex, SS5 5DY	£450,000	£446,500	-£3,500	03 Jan 2023	30 Aug 2023	239 Days
43 Woodside Chase, Hockley, Essex, SS5 4NB	£475,000	£465,000	-£10,000	11 Apr 2023	10 Aug 2023	121 Days
238 Main Road, Hawkwell, Hockley, Essex, SS5 4EG	£650,000	£650,000	£00	25 Feb 2023	09 Aug 2023	165 Days
39 Glencrofts, Hockley, Essex, SS5 4GN	£895,000	£870,000	-£25,000	10 Feb 2023	28 Jul 2023	168 Days
259 Rectory Road, Hawkwell, Hockley, Essex, SS5 4LA	£325,000	£315,000	-£10,000	02 Mar 2023	19 Jul 2023	139 Days
2 Althorpe Close, Hockley, Essex, SS5 4XF	£500,000	£500,000	£00	10 Jan 2023	07 Jul 2023	178 Days
23 Sweyne Avenue, Hockley, Essex, SS5 4LB	£450,000	£450,000	£00	30 Jan 2023	14 Jun 2023	135 Days
2 Orchard Avenue, Hockley, Essex, SS5 5BE	£450,000	£435,000	-£15,000	01 Sep 2022	07 Jun 2023	279 Days
27 Osborne Avenue, Hockley, Essex, SS5 4UJ	£400,000	£395,000	-£5,000	12 Jan 2023	31 May 2023	139 Days
27 Plumberow Avenue, Hockley, Essex, SS5 5AG	£570,000	£545,000	-£25,000	28 Jan 2023	07 Mar 2023	38 Days
9 Hill Lane, Hockley, Essex, SS5 4HL	£400,000	£400,000	£00	12 Nov 2022	27 Feb 2023	107 Days
5 Broadlands Road, Hockley, Essex, SS5 5DT	£450,000	£450,000	£00	03 Nov 2022	24 Feb 2023	113 Days
117 Plumberow Avenue, Hockley, Essex, SS5 5AT	£350,000	£337,500	-£12,500	22 Nov 2022	01 Feb 2023	71 Days
39 Heycroft Road, Hockley, Essex, SS5 4HN	£350,000	£350,000	£00	08 Oct 2022	30 Jan 2023	114 Days
255 Main Road, Hawkwell, Hockley, Essex, SS5 4NP	£875,000	£855,000	-£20,000	09 Aug 2022	16 Dec 2022	129 Days
17 Southview Road, Hockley, Essex, SS5 5DX	£400,000	£390,000	-£10,000	15 Sep 2022	14 Dec 2022	90 Days
10 Westminster Drive, Hockley, Essex, SS5 4XD	£475,000	£475,000	£00	16 Oct 2021	09 Dec 2022	419 Days

Most Expensive Streets in Hockley and Hawkwell

Postcode	Street	Area	Average	No. of Sales
SS5 4TA	High Road	Hockley	£1,256,916	6
SS5 5JN	Greensward Lane	Hockley	£1,055,000	4
SS5 4SS	Church Mews	Hockley	£1,001,000	5
SS5 4SZ	High Road	Hockley	£939,373	4
SS5 5JH	Greensward Lane	Hockley	£912,000	3
SS5 5PA	Etheldore Avenue	Hockley	£878,000	6
SS5 5NU	Wood Avenue	Hockley	£855,000	7
SS5 4SY	High Road	Hockley	£766,666	3
SS5 4RT	Hillside Road	Hockley	£766,000	3
SS5 4JT	Thorpe Road	Hockley	£727,250	4

Least Expensive Streets in Hockley and Hawkwell

Postcode	Street	Area	Average	No. of Sales
SS5 4AZ	Spa Road	Hockley	£231,875	4
SS5 4LX	Southend Road	Hockley	£239,333	3
SS5 4UA	Barnwell Drive	Hockley	£250,400	5
SS5 4PQ	Southend Road	Hockley	£250,833	9
SS5 5AA	Elmwood Court	Plumberow Avenue	£257,375	4
SS5 4XQ	Sudeley Gardens	Hockley	£259,250	14
SS5 4BQ	Clayswell Court	Station Approach	£260,000	3
SS5 4TW	Regency Court	Station Approach	£261,041	6
SS5 4FW	The Aldermans	Folly Lane	£263,166	3
SS5 4XJ	Romsey Close	Hockley	£283,437	8