57, PARK LANE, SOUTHEND-ON-SEA, SS1 2SL - £367,500

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.

57 PARK LANE is a midsized extended detached house of 111m², built sometime between 1900 and 1929, which could now be worth an estimated £426,307. It was last sold for £367,500 in September 2018, which was around 32% below the average September 2018 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was November 2016, where the current energy rating was F, and the potential energy rating was C.

57 PARK LANE Sold Prices

Land registry data shows two sales for 57 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 57 PARK LANE 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
2018 7 SEP	£367,500	£538,472	32% below HPI
2017 26 JAN	£300,000	£498,979	40% below HPI

57 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The two 57 PARK LANE sales from January 2017 and September 2018 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 January 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 57 PARK LANE be worth now?

57 PARK LANE might now be worth an estimated £426,307.

This is based on house price inflation of 16%, between September 2018 and February 2025, for detached houses, in the Southend-on-Sea local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for 57 PARK LANE of £367,500 on 7th September 2018. For the value to have increased from £367,500 to £426,307 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 57 PARK LANE has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The September 2018 sale price of £367,500 represented a fair market value for the property.
• The size, condition, and specification of 57 PARK LANE has not materially changed since September 2018.

How Large is 57 PARK LANE?

57 PARK LANE is 111m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% of detached houses houses in Southend-on-Sea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southend-on-Sea, and where 57 PARK LANE lies on this distribution: 41% of detached houses houses are smaller than 57 PARK LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Southend-on-Sea.

57 PARK LANE: Plot and Title Map

57 PARK LANE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 57 PARK LANE, 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 57 PARK LANE). 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 57 PARK LANE?

57 PARK LANE is located in SOUTHEND-ON-SEA, in the SS1 postcode district. The below map shows the position of No. 57 on PARK LANE.