53A, MARGRATEN AVENUE, CANVEY ISLAND, SS8 7JD - £245,000

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

53A MARGRATEN AVENUE is a small extended detached house of 62m², built sometime between 1967 and 1975. It was last sold for £245,000 in October 2016, which was around 35% below the average October 2016 detached price in the Castle Point local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

53A MARGRATEN AVENUE Sold Prices

Land registry data shows two sales for 53A MARGRATEN 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 53A MARGRATEN 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 28 OCT	£245,000	£376,608	35% below HPI
2006 31 MAR	£123,000	£239,619	49% below HPI

53A MARGRATEN 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 53A MARGRATEN AVENUE sales from March 2006 and October 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 March 2006 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the October 2016 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 53A MARGRATEN AVENUE?

53A MARGRATEN AVENUE is 62m², which includes two extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% 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 53A MARGRATEN AVENUE lies on this distribution: 30% of detached houses are smaller than 53A MARGRATEN AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

53A MARGRATEN AVENUE: Plot and Title Map

53A MARGRATEN AVENUE sits on a plot of roughly 0.037 of an acre, or 151m². The below map shows the location of 53A MARGRATEN 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 53A MARGRATEN 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 53A MARGRATEN AVENUE?

53A MARGRATEN AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 53A on MARGRATEN AVENUE.