2, BAY CLOSE, CANVEY ISLAND, SS8 0AF - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 BAY CLOSE is a midsized extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £370,000 in March 2022, which was around 23% below the average March 2022 detached price in the Castle Point local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

2 BAY CLOSE Sold Prices

Land registry data shows four sales for 2 BAY CLOSE 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 2 BAY CLOSE 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
2022 14 MAR	£370,000	£481,802	23% below HPI
2013 4 MAR	£195,000	£253,237	23% below HPI
2009 3 JUN	£194,500	£228,805	15% below HPI
2005 7 OCT	£177,500	£232,941	24% below HPI

2 BAY CLOSE 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 2 BAY CLOSE sales between October 2005 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 March 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2022 sale, which was also at 23% below the HPI.

How Large is 2 BAY CLOSE?

2 BAY CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% 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 2 BAY CLOSE lies on this distribution: 42% of detached houses are smaller than 2 BAY CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

2 BAY CLOSE: Plot and Title Map

2 BAY CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 2 BAY CLOSE, 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 2 BAY CLOSE). 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 2 BAY CLOSE?

2 BAY CLOSE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 2 on BAY CLOSE.