10, HAYES LANE, CANVEY ISLAND, SS8 0ES - £275,000

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.

10 HAYES LANE is a very small detached house of 52m², built sometime between 1983 and 1990, which could now be worth an estimated £321,250. It was last sold for £275,000 in February 2019, which was around 31% below the average February 2019 detached price in the Castle Point local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

10 HAYES LANE Sold Prices

Land registry data shows two sales for 10 HAYES LANE 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. Both of the two 10 HAYES LANE 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
2019 28 FEB	£275,000	£396,699	31% below HPI
2001 31 OCT	£105,000	£150,518	30% below HPI

10 HAYES LANE 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 10 HAYES LANE sales from October 2001 and February 2019 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 October 2001 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 10 HAYES LANE be worth now?

10 HAYES LANE might now be worth an estimated £321,250.

This is based on house price inflation of 16.8%, between February 2019 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 16.8% inflationary increase is applied to the most recent sale price for 10 HAYES LANE of £275,000 on 28th February 2019. For the value to have increased from £275,000 to £321,250 over the six years to February 2025, the following assumptions must hold true:

• The value of 10 HAYES LANE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The February 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 10 HAYES LANE has not materially changed since February 2019.

How Large is 10 HAYES LANE?

10 HAYES LANE is 52m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% 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 10 HAYES LANE lies on this distribution: 20% of detached houses houses are smaller than 10 HAYES LANE, and 79% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

10 HAYES LANE: Plot and Title Map

10 HAYES LANE sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 10 HAYES LANE, 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 10 HAYES LANE). 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 10 HAYES LANE?

10 HAYES LANE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 10 on HAYES LANE.