107, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9UZ - £305,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

107 PICASSO WAY is a midsized extended detached house of 131m², built sometime between 1976 and 1982. It was last sold for £305,000 in December 2014, which was around 21% below the average December 2014 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

107 PICASSO WAY Sold Prices

Land registry data shows two sales for 107 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 107 PICASSO WAY 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 19 DEC	£305,000	£387,310	21% below HPI
2012 19 MAR	£270,000	£317,816	15% below HPI

107 PICASSO WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 107 PICASSO WAY sales from March 2012 and December 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 March 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2014 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 107 PICASSO WAY?

107 PICASSO WAY is 131m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the largest 50% of detached houses in Shoeburyness, based on EPC data. The below chart shows the distribution of detached houses by size in Shoeburyness, and where 107 PICASSO WAY lies on this distribution: 54% of detached houses are smaller than 107 PICASSO WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

107 PICASSO WAY: Plot and Title Map

107 PICASSO WAY sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 107 PICASSO WAY, 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 107 PICASSO WAY). 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 107 PICASSO WAY?

107 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 107 on PICASSO WAY.