129, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9UY - £310,000

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

129 PICASSO WAY is a small extended semi-detached house of 106m², built sometime between 1976 and 1982, which could now be worth an estimated £366,422. It was last sold for £310,000 in October 2018, which was around 11% below the average October 2018 semi-detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

129 PICASSO WAY Sold Prices

Land registry data shows three sales for 129 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Southend-on-Sea local authority area for the corresponding sale date. Two of the three 129 PICASSO WAY sales were for below the average price, whilst one 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 31 OCT	£310,000	£349,870	11% below HPI
2007 16 NOV	£239,750	£227,579	5% above HPI
1996 12 SEP	£1,300	£57,978	98% below HPI

129 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 three 129 PICASSO WAY sales between September 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 November 2007 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 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 129 PICASSO WAY be worth now?

129 PICASSO WAY might now be worth an estimated £366,422.

This is based on house price inflation of 18.2%, between October 2018 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 18.2% inflationary increase is applied to the most recent sale price for 129 PICASSO WAY of £310,000 on 31st October 2018. For the value to have increased from £310,000 to £366,422 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 129 PICASSO WAY has moved in line with the HPI for semi-detached houses in the Southend-on-Sea local authority area.
• The October 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 129 PICASSO WAY has not materially changed since October 2018.

How Large is 129 PICASSO WAY?

129 PICASSO WAY is 106m², which includes one extension, according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% 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 129 PICASSO WAY lies on this distribution: 29% of semi-detached houses houses are smaller than 129 PICASSO WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

129 PICASSO WAY: Plot and Title Map

129 PICASSO WAY sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 129 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 129 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 129 PICASSO WAY?

129 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 129 on PICASSO WAY.