3, PARK ROAD, CANVEY ISLAND, SS8 7PT - £340,000

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 PARK ROAD is a very large extended detached house of 167m², built sometime between 1950 and 1966, which could now be worth an estimated £506,030. It was last sold for £340,000 in June 2015, which was around 9% above the average June 2015 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was C.

3 PARK ROAD Sold Prices

Land registry data shows three sales for 3 PARK ROAD 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. One of the three 3 PARK ROAD sales was for above the average price, whilst two 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
2015 2 JUN	£340,000	£311,368	9% above HPI
1998 22 MAY	£84,995	£95,215	11% below HPI
1998 12 MAR	£71,166	£91,322	22% below HPI

3 PARK 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 three 3 PARK ROAD sales between March 1998 and June 2015 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 May 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2015 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 3 PARK ROAD be worth now?

3 PARK ROAD might now be worth an estimated £506,030.

This is based on house price inflation of 48.8%, between June 2015 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 48.8% inflationary increase is applied to the most recent sale price for 3 PARK ROAD of £340,000 on 2nd June 2015. For the value to have increased from £340,000 to £506,030 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 3 PARK ROAD has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The June 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK ROAD has not materially changed since June 2015.

How Large is 3 PARK ROAD?

3 PARK ROAD is 167m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 10% 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 PARK ROAD lies on this distribution: 93% of detached houses houses are smaller than 3 PARK ROAD, and 7% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

3 PARK ROAD: Plot and Title Map

3 PARK ROAD sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 3 PARK 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 3 PARK 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 3 PARK ROAD?

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