127, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9UY - £224,500

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

127 PICASSO WAY is a midsized extended semi-detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £428,911. It was last sold for £224,500 in October 2012, which was around 4% above the average October 2012 semi-detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

127 PICASSO WAY Sold Prices

Land registry data shows two sales for 127 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 127 PICASSO WAY sales were 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
2012 12 OCT	£224,500	£216,459	4% above HPI
2002 18 NOV	£169,995	£147,856	15% above HPI

127 PICASSO WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 127 PICASSO WAY sales from November 2002 and October 2012 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 2002 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2012 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 127 PICASSO WAY be worth now?

127 PICASSO WAY might now be worth an estimated £428,911.

This is based on house price inflation of 91.1%, between October 2012 and December 2024, for semi-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 91.1% inflationary increase is applied to the most recent sale price for 127 PICASSO WAY of £224,500 on 12th October 2012. For the value to have increased from £224,500 to £428,911 over the eleven years and ten months to December 2024, the following assumptions must hold true:

• The value of 127 PICASSO WAY has moved in line with the HPI for semi-detached houses in the Southend-on-Sea local authority area.
• The October 2012 sale price of £224,500 represented a fair market value for the property.
• The size, condition, and specification of 127 PICASSO WAY has not materially changed since October 2012.

How Large is 127 PICASSO WAY?

127 PICASSO WAY is 121m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of semi-detached houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shoeburyness, and where 127 PICASSO WAY lies on this distribution: 45% of semi-detached houses houses are smaller than 127 PICASSO WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

127 PICASSO WAY: Plot and Title Map

127 PICASSO WAY sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 127 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 127 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 127 PICASSO WAY?

127 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 127 on PICASSO WAY.