South Ockendon

Area Guide For South Ockendon

South Ockendon is a settlement and Church of England area in the Thurrock ward and unitary region in Essex in the East of England, United Kingdom.

South Ockendon is an antiquated area. It was a town before the Norman Conquest and had a minister in 1085.It is said in the Domesday Book as Wocheduna, speculatively named after a Saxon boss, Wocca, whose tribe existed on a slope. The addition "wear" in Old English implies a low slope in open nation.

 
 

South Ockendon Map

Estimated Price: £221,538
Average Asking Price: £416,385
Price change in last one year: £30,995
Average Price Paid: £174,352
Average Rent Rates: £6,424

 
 

Property Prices Breakdown in South Ockendon

Average Price for property in South Ockendon is around £221,538 which varies based on type of property you are interested in and ranges from £385,115 for detached house to around £239,818 for semi-detached. Similarly terraced house is around £201,150 and a flat is worth £122,515. Values have been changing and have risen £4,148 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,416 in last 6 months, £30,995 in last 1 year, £43,523 in last 2 years, £46,825 in last 3 years, £43,366 in last 4 years and £45,750 in last 5 years.

Currently average asking price of a property in South Ockendon is around £416,385 based on approximately 384 properties for sale. Same is the case with rental options based on 14 properties up for rent, average asking rent is around £6,424 per month.

Estimated property value in South Ockendon is £221,538. Average asking price is £416,385 while average price paid is £187,335 which is up by £30,995 and Avg. asking rent £6,424.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in South Ockendon area. In last 1 year alone average price buyer paid is around £187,335 based on approximately 384 sales in South Ockendon area alone. If you compare it to last 3 years sales of 984 properties where buyers paid around £179,711. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £174,352 for 1,512 and average amount paid for purchase of approx. 1,973 properties sold in last 7 years comes to about £172,553 per sale.

 
 

Properties For Sale in South Ockendon

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £192,498, £260,089 for a 3 bedroom house, £378,749 for a 4 bedroom house and £450,000 for a 5 bedroom house. For a flat similarly the prices varies from £111,666 for a single bedroom to £140,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £135,000. To sum up the asking prices for properties in South Ockendon it comes to around average £111,666 for 1 bedroom property, £181,998 for 2 bedroom, £255,776 for 3 bedroom, £378,749 for 4 bedroom and £450,000 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £951 for 2 bedroom to £1,033 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £624. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £875. You should be generally be expecting around average £624 rent per month for single bedroom property, £926 for 2 bedroom and approximately £1,033 for 3 bedroom property in South Ockendon area.

Popular Houses in South Ockendon

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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