137, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9UY - £375,000

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

137 PICASSO WAY is a very small semi-detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £385,232. It was last sold for £375,000 in March 2022, which was around 7% below the average March 2022 semi-detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

137 PICASSO WAY Sold Prices

Land registry data shows five sales for 137 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Southend-on-Sea local authority area for the corresponding sale date. The five 137 PICASSO WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2022 10 MAR	£375,000	£402,565	7% below HPI
2004 1 SEP	£184,500	£193,705	5% below HPI
2000 24 JUL	£95,500	£95,228	Close to HPI
2000 4 FEB	£91,000	£88,524	3% above HPI
1998 16 JAN	£72,500	£69,899	4% above HPI

137 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 five 137 PICASSO WAY sales between January 1998 and March 2022 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 September 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 137 PICASSO WAY be worth now?

137 PICASSO WAY might now be worth an estimated £385,232.

This is based on house price inflation of 2.7%, between March 2022 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 2.7% inflationary increase is applied to the most recent sale price for 137 PICASSO WAY of £375,000 on 10th March 2022. For the value to have increased from £375,000 to £385,232 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 137 PICASSO WAY has moved in line with the HPI for semi-detached houses in the Southend-on-Sea local authority area.
• The March 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 137 PICASSO WAY has not materially changed since March 2022.

How Large is 137 PICASSO WAY?

137 PICASSO WAY is 86m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% 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 137 PICASSO WAY lies on this distribution: 11% of semi-detached houses houses are smaller than 137 PICASSO WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

137 PICASSO WAY: Plot and Title Map

137 PICASSO WAY sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 137 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 137 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 137 PICASSO WAY?

137 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 137 on PICASSO WAY.