3, GAINSBOROUGH AVENUE, CANVEY ISLAND, SS8 7LU - £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.

3 GAINSBOROUGH AVENUE is a midsized detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £344,984. It was last sold for £315,000 in December 2020, which was around 26% below the average December 2020 detached price in the Castle Point local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

3 GAINSBOROUGH AVENUE Sold Prices

Land registry data shows three sales for 3 GAINSBOROUGH AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the three 3 GAINSBOROUGH AVENUE 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 15 DEC	£315,000	£423,138	26% below HPI
1999 1 NOV	£85,500	£110,070	22% below HPI
1997 16 JUN	£72,000	£83,741	14% below HPI

3 GAINSBOROUGH AVENUE 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 three 3 GAINSBOROUGH AVENUE sales between June 1997 and December 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 November 1999 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 GAINSBOROUGH AVENUE be worth now?

3 GAINSBOROUGH AVENUE might now be worth an estimated £344,984.

This is based on house price inflation of 9.5%, between December 2020 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 9.5% inflationary increase is applied to the most recent sale price for 3 GAINSBOROUGH AVENUE of £315,000 on 15th December 2020. For the value to have increased from £315,000 to £344,984 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 GAINSBOROUGH AVENUE has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The December 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GAINSBOROUGH AVENUE has not materially changed since December 2020.

How Large is 3 GAINSBOROUGH AVENUE?

3 GAINSBOROUGH AVENUE is 94m² according to the EPC inspection conducted in October 2019. This puts it in the largest 50% 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 3 GAINSBOROUGH AVENUE lies on this distribution: 55% of detached houses houses are smaller than 3 GAINSBOROUGH AVENUE, and 45% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

3 GAINSBOROUGH AVENUE: Plot and Title Map

3 GAINSBOROUGH AVENUE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 3 GAINSBOROUGH AVENUE, 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 3 GAINSBOROUGH AVENUE). 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 3 GAINSBOROUGH AVENUE?

3 GAINSBOROUGH AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 3 on GAINSBOROUGH AVENUE.