37B, RAINBOW ROAD, CANVEY ISLAND, SS8 8AH - £240,000

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.

37B RAINBOW ROAD is a very small detached house of 43m², built sometime between 1967 and 1975, which could now be worth an estimated £318,359. It was last sold for £240,000 in June 2016, which was around 31% below the average June 2016 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

37B RAINBOW ROAD Sold Prices

Land registry data shows three sales for 37B RAINBOW 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. All of the three 37B 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
2016 22 JUN	£240,000	£349,353	31% below HPI
2010 23 JUN	£165,000	£252,624	35% below HPI
2009 29 MAY	£90,000	£225,295	60% below HPI

37B 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 three 37B RAINBOW ROAD sales between May 2009 and June 2016 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 June 2010 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2016 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 37B RAINBOW ROAD be worth now?

37B RAINBOW ROAD might now be worth an estimated £318,359.

This is based on house price inflation of 32.6%, between June 2016 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 32.6% inflationary increase is applied to the most recent sale price for 37B RAINBOW ROAD of £240,000 on 22nd June 2016. For the value to have increased from £240,000 to £318,359 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 37B RAINBOW ROAD has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The June 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 37B RAINBOW ROAD has not materially changed since June 2016.

How Large is 37B RAINBOW ROAD?

37B RAINBOW ROAD is 43m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 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 37B RAINBOW ROAD lies on this distribution: 9% of detached houses houses are smaller than 37B RAINBOW ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

37B RAINBOW ROAD: Plot and Title Map

37B RAINBOW ROAD sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 37B 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 37B 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 37B RAINBOW ROAD?

37B RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 37B on RAINBOW ROAD.