27A, THE PARKWAY, CANVEY ISLAND, SS8 0AQ - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

27A THE PARKWAY is a small detached house of 53m², built sometime between 1950 and 1966, which could now be worth an estimated £299,073. It was last sold for £315,000 in May 2023, which was around 35% below the average May 2023 detached price in the Castle Point local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

27A THE PARKWAY Sold Prices

Land registry data shows two sales for 27A THE PARKWAY 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 27A THE PARKWAY 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
2023 20 MAY	£315,000	£488,095	35% below HPI
1999 2 JUL	£70,000	£107,257	35% below HPI

27A THE PARKWAY 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 27A THE PARKWAY sales from July 1999 and May 2023 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 July 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2023 sale, which was also at 35% below the HPI.

What might 27A THE PARKWAY be worth now?

27A THE PARKWAY might now be worth an estimated £299,073.

This is based on house price deflation of 5.1%, between May 2023 and February 2025, 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 5.1% deflationary decrease is applied to the most recent sale price for 27A THE PARKWAY of £315,000 on 20th May 2023. For the value to have decreased from £315,000 to £299,073 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 27A THE PARKWAY has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The May 2023 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 27A THE PARKWAY has not materially changed since May 2023.

How Large is 27A THE PARKWAY?

27A THE PARKWAY is 53m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% 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 27A THE PARKWAY lies on this distribution: 21% of detached houses houses are smaller than 27A THE PARKWAY, and 78% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

27A THE PARKWAY: Plot and Title Map

27A THE PARKWAY sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 27A THE PARKWAY, 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 27A THE PARKWAY). 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 27A THE PARKWAY?

27A THE PARKWAY is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 27A on THE PARKWAY.