1, REDWOODS, CANVEY ISLAND, SS8 9LD - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 REDWOODS is a midsized detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £346,989. It was last sold for £290,000 in October 2018, which was around 28% below the average October 2018 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

1 REDWOODS Sold Prices

Land registry data shows two sales for 1 REDWOODS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. One of the two 1 REDWOODS sales was for below the average price, whilst the other was 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
2018 26 OCT	£290,000	£401,827	28% below HPI
1996 26 APR	£80,000	£76,172	5% above HPI

1 REDWOODS 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 two 1 REDWOODS sales from April 1996 and October 2018 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 April 1996 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 1 REDWOODS be worth now?

1 REDWOODS might now be worth an estimated £346,989.

This is based on house price inflation of 19.7%, between October 2018 and December 2024, 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 19.7% inflationary increase is applied to the most recent sale price for 1 REDWOODS of £290,000 on 26th October 2018. For the value to have increased from £290,000 to £346,989 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 1 REDWOODS has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The October 2018 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 REDWOODS has not materially changed since October 2018.

How Large is 1 REDWOODS?

1 REDWOODS is 84m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 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 REDWOODS lies on this distribution: 47% of detached houses houses are smaller than 1 REDWOODS, and 53% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

1 REDWOODS: Plot and Title Map

1 REDWOODS sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 1 REDWOODS, 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 REDWOODS). 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 REDWOODS?

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