Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources
59 MARGRATEN AVENUE is a very small extended detached house of 49m², built sometime between 1967 and 1975. It was last sold for £166,000 in April 2014, which was around 39% below the average April 2014 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 59 MARGRATEN AVENUE since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the five 59 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 |
---|---|---|---|
2014 4 APR | £166,000 | £271,703 | ![]() 39% below HPI |
2012 10 FEB | £160,000 | £251,297 | ![]() 36% below HPI |
2007 9 NOV | £178,000 | £275,648 | ![]() 35% below HPI |
2002 8 MAR | £97,000 | £159,927 | ![]() 39% below HPI |
1997 29 OCT | £51,500 | £91,282 | ![]() 44% below HPI |
The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The five 59 MARGRATEN AVENUE sales between October 1997 and April 2014 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 February 2012 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2014 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.
59 MARGRATEN AVENUE is 49m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% 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 59 MARGRATEN AVENUE lies on this distribution: 16% of detached houses are smaller than 59 MARGRATEN AVENUE, and 83% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.
59 MARGRATEN AVENUE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 59 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 59 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.
59 MARGRATEN AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 59 on MARGRATEN AVENUE.