24A, RAINBOW ROAD, CANVEY ISLAND, SS8 8AE - £287,000

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

24A RAINBOW ROAD is a small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £330,902. It was last sold for £287,000 in November 2020, which was around 31% below the average November 2020 detached price in the Castle Point local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

24A RAINBOW ROAD Sold Prices

Land registry data shows two sales for 24A RAINBOW ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. Both of the two 24A 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
2020 2 NOV	£287,000	£417,004	31% below HPI
2018 8 OCT	£225,000	£401,827	44% below HPI

24A 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 two 24A RAINBOW ROAD sales from October 2018 and November 2020 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 October 2018 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2020 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 24A RAINBOW ROAD be worth now?

24A RAINBOW ROAD might now be worth an estimated £330,902.

This is based on house price inflation of 15.3%, between November 2020 and December 2024, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.3% inflationary increase is applied to the most recent sale price for 24A RAINBOW ROAD of £287,000 on 2nd November 2020. For the value to have increased from £287,000 to £330,902 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of 24A RAINBOW ROAD has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The November 2020 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 24A RAINBOW ROAD has not materially changed since November 2020.

How Large is 24A RAINBOW ROAD?

24A RAINBOW ROAD is 62m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canvey Island, and where 24A RAINBOW ROAD lies on this distribution: 30% of detached houses houses are smaller than 24A RAINBOW ROAD, and 69% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

24A RAINBOW ROAD: Plot and Title Map

24A RAINBOW ROAD sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 24A 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 24A 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 24A RAINBOW ROAD?

24A RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 24A on RAINBOW ROAD.