5, LAARS AVENUE, CANVEY ISLAND, SS8 8AY - £322,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 LAARS AVENUE is a midsized extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £322,000 in May 2016, which was around 7% below the average May 2016 detached price in the Castle Point local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

5 LAARS AVENUE Sold Prices

Land registry data shows two sales for 5 LAARS AVENUE 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 5 LAARS 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
2016 6 MAY	£322,000	£346,568	7% below HPI
1999 25 JUN	£87,500	£106,880	18% below HPI

5 LAARS 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 two 5 LAARS AVENUE sales from June 1999 and May 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 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2016 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 LAARS AVENUE?

5 LAARS AVENUE is 97m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 50% of detached houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses by size in Canvey Island, and where 5 LAARS AVENUE lies on this distribution: 57% of detached houses are smaller than 5 LAARS AVENUE, and 42% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

5 LAARS AVENUE: Plot and Title Map

5 LAARS AVENUE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 5 LAARS 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 5 LAARS 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 5 LAARS AVENUE?

5 LAARS AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 5 on LAARS AVENUE.