1, RAINBOW AVENUE, CANVEY ISLAND, SS8 8AF - £215,000

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.

1 RAINBOW AVENUE is a midsized extended detached house of 89m², built sometime between 1930 and 1949, which could now be worth an estimated £359,890. It was last sold for £215,000 in June 2014, which was around 22% below the average June 2014 detached price in the Castle Point local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was C.

1 RAINBOW AVENUE Sold Prices

Land registry data shows four sales for 1 RAINBOW AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the four 1 RAINBOW AVENUE 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
2014 20 JUN	£215,000	£276,847	22% below HPI
2007 30 JUL	£216,500	£266,137	19% below HPI
1999 30 NOV	£76,000	£110,070	31% below HPI
1997 19 MAR	£45,000	£79,523	43% below HPI

1 RAINBOW AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The four 1 RAINBOW AVENUE sales between March 1997 and June 2014 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 July 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 RAINBOW AVENUE be worth now?

1 RAINBOW AVENUE might now be worth an estimated £359,890.

This is based on house price inflation of 67.4%, between June 2014 and February 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 67.4% inflationary increase is applied to the most recent sale price for 1 RAINBOW AVENUE of £215,000 on 20th June 2014. For the value to have increased from £215,000 to £359,890 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 1 RAINBOW AVENUE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The June 2014 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RAINBOW AVENUE has not materially changed since June 2014.

How Large is 1 RAINBOW AVENUE?

1 RAINBOW AVENUE is 89m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 50% of detached houses houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canvey Island, and where 1 RAINBOW AVENUE lies on this distribution: 51% of detached houses houses are smaller than 1 RAINBOW AVENUE, and 49% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

1 RAINBOW AVENUE: Plot and Title Map

1 RAINBOW AVENUE sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 1 RAINBOW AVENUE, 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 1 RAINBOW AVENUE). 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 1 RAINBOW AVENUE?

1 RAINBOW AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 1 on RAINBOW AVENUE.