2, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9TD - £178,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 PICASSO WAY is a very small semi-detached house of 84m², built sometime between 1967 and 1975. It was last sold for £178,000 in September 2010, which was around 45% below the average September 2010 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was B.

2 PICASSO WAY Sold Prices

Land registry data shows three sales for 2 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. All of the three 2 PICASSO WAY 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
2010 29 SEP	£178,000	£321,970	45% below HPI
2006 14 SEP	£160,000	£306,692	48% below HPI
2000 7 JUL	£82,500	£151,224	45% below HPI

2 PICASSO WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The three 2 PICASSO WAY sales between July 2000 and September 2010 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 2006 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2010 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 2 PICASSO WAY?

2 PICASSO WAY is 84m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of detached houses in Shoeburyness, based on EPC data. The below chart shows the distribution of detached houses by size in Shoeburyness, and where 2 PICASSO WAY lies on this distribution: 10% of detached houses are smaller than 2 PICASSO WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

2 PICASSO WAY: Plot and Title Map

2 PICASSO WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 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 2 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 2 PICASSO WAY?

2 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 2 on PICASSO WAY.