17, RAINBOW ROAD, CANVEY ISLAND, SS8 8AH - £280,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

17 RAINBOW ROAD is a small extended detached house of 71m², built sometime between 1983 and 1990. It was last sold for £280,000 in June 2019, which was around 31% below the average June 2019 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

17 RAINBOW ROAD Sold Prices

Land registry data shows four sales for 17 RAINBOW ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the four 17 RAINBOW ROAD 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
2019 14 JUN	£280,000	£403,873	31% below HPI
2017 6 APR	£265,000	£381,829	31% below HPI
2014 1 AUG	£210,000	£291,438	28% below HPI
2002 1 FEB	£114,495	£155,242	26% below HPI

17 RAINBOW ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The four 17 RAINBOW ROAD sales between February 2002 and June 2019 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 April 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2019 sale, which was also at 31% below the HPI.

How Large is 17 RAINBOW ROAD?

17 RAINBOW ROAD is 71m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of detached houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses by size in Canvey Island, and where 17 RAINBOW ROAD lies on this distribution: 37% of detached houses are smaller than 17 RAINBOW ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

17 RAINBOW ROAD: Plot and Title Map

17 RAINBOW ROAD sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 17 RAINBOW ROAD, 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 17 RAINBOW ROAD). 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 17 RAINBOW ROAD?

17 RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 17 on RAINBOW ROAD.