55A, MARGRATEN AVENUE, CANVEY ISLAND, SS8 7JD - £265,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

55A MARGRATEN AVENUE is a very small detached house of 41m², built sometime between 1967 and 1975. It was last sold for £265,000 in August 2023, which was around 47% below the average August 2023 detached price in the Castle Point local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

55A MARGRATEN AVENUE Sold Prices

Land registry data shows four sales for 55A MARGRATEN AVENUE 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 55A 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
2023 18 AUG	£265,000	£498,673	47% below HPI
2021 3 SEP	£238,000	£449,367	47% below HPI
2002 14 JUN	£84,995	£170,976	50% below HPI
1999 29 JAN	£54,000	£95,872	44% below HPI

55A 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 four 55A MARGRATEN AVENUE sales between January 1999 and August 2023 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 September 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2023 sale, which was also at 47% below the HPI.

How Large is 55A MARGRATEN AVENUE?

55A MARGRATEN AVENUE is 41m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% 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 55A MARGRATEN AVENUE lies on this distribution: 7% of detached houses are smaller than 55A MARGRATEN AVENUE, and 92% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

55A MARGRATEN AVENUE: Plot and Title Map

55A MARGRATEN AVENUE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 55A 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 55A 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 55A MARGRATEN AVENUE?

55A MARGRATEN AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 55A on MARGRATEN AVENUE.