5, NEW ROAD, CANVEY ISLAND, SS8 9JS - £177,500

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.

5 NEW ROAD is a small extended detached house of 67m², built sometime between 1930 and 1949, which could now be worth an estimated £197,256. It was last sold for £177,500 in November 2020, which was around 57% below the average November 2020 detached price in the Castle Point local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

5 NEW ROAD Sold Prices

Land registry data shows four sales for 5 NEW ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the four 5 NEW 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
2020 25 NOV	£177,500	£417,004	57% below HPI
2017 17 JUL	£237,000	£393,828	40% below HPI
2002 27 SEP	£129,500	£181,732	29% below HPI
1999 26 JUL	£54,000	£107,257	50% below HPI

5 NEW 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 four 5 NEW ROAD sales between July 1999 and November 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 July 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2020 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 5 NEW ROAD be worth now?

5 NEW ROAD might now be worth an estimated £197,256.

This is based on house price inflation of 11.1%, between November 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 11.1% inflationary increase is applied to the most recent sale price for 5 NEW ROAD of £177,500 on 25th November 2020. For the value to have increased from £177,500 to £197,256 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 NEW ROAD has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The November 2020 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 5 NEW ROAD has not materially changed since November 2020.

How Large is 5 NEW ROAD?

5 NEW ROAD is 67m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% 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 5 NEW ROAD lies on this distribution: 34% of detached houses houses are smaller than 5 NEW ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

5 NEW ROAD: Plot and Title Map

5 NEW ROAD sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 NEW 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 5 NEW 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 5 NEW ROAD?

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