120, RICHMOND AVENUE, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9LF - £265,000

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.

120 RICHMOND AVENUE is a very small extended detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £371,801. It was last sold for £265,000 in February 2016, which was around 40% below the average February 2016 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

120 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 120 RICHMOND AVENUE 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 120 RICHMOND 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
2016 10 FEB	£265,000	£445,209	40% below HPI
1998 26 NOV	£72,000	£121,426	41% below HPI

120 RICHMOND AVENUE 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 120 RICHMOND AVENUE sales from November 1998 and February 2016 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 November 1998 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2016 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 120 RICHMOND AVENUE be worth now?

120 RICHMOND AVENUE might now be worth an estimated £371,801.

This is based on house price inflation of 40.3%, between February 2016 and February 2025, for detached houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.3% inflationary increase is applied to the most recent sale price for 120 RICHMOND AVENUE of £265,000 on 10th February 2016. For the value to have increased from £265,000 to £371,801 over the nine years to February 2025, the following assumptions must hold true:

• The value of 120 RICHMOND AVENUE has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The February 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 120 RICHMOND AVENUE has not materially changed since February 2016.

How Large is 120 RICHMOND AVENUE?

120 RICHMOND AVENUE is 86m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shoeburyness, and where 120 RICHMOND AVENUE lies on this distribution: 11% of detached houses houses are smaller than 120 RICHMOND AVENUE, and 88% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

120 RICHMOND AVENUE: Plot and Title Map

120 RICHMOND AVENUE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 120 RICHMOND 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 120 RICHMOND 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 120 RICHMOND AVENUE?

120 RICHMOND AVENUE is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 120 on RICHMOND AVENUE.