Key indicators for buyers
The SS99 market is moderately favourable for buyers. Prices have softened (-74.0%), which could present a buying opportunity. Affordability has improved from a peak of 11.4x in 2022 to 10.7x today. Rising rents (£1,275/mo, +6.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in SS99 sold for £846,138 in 2016, with a median of £846,138 across 1 transactions. Prices fell 74.0% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider Southend-on-Sea area
A home in Southend-on-Sea costs 10.7x the local median salary — very stretched, improving from a peak of 11.4x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Southend-on-Sea area
Average monthly rent in Southend-on-Sea is £1,275, up 6.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Southend-on-Sea price of £846,138 with a 25% deposit (£212k), a 2-year fixed mortgage at 3.97% costs around £3,339 per month.
Monthly cost comparison based on current data
Uses SS99 avg. price with Southend-on-Sea rental data
Monthly mortgage payments (£3,339) are £2,064 more than renting (£1,275). However, buying requires an upfront deposit of £212k — it would take around 17628 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
ESSEX HOUSE, SOUTHCHURCH ROAD SS99 7BB | Other | £846,138 | 29 Sept 2016 |
ESSEX HOUSE, SOUTHCHURCH ROAD SS99 7BB | Other | £3,250,000 | 18 Dec 2014 |
The most recent recorded sale in SS99 was a other property on Southchurch Road for £846,138 in September 2016. Across the last 2 sales, the median price was £3,250,000.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.