59, THE PARKWAY, CANVEY ISLAND, SS8 0AE - £355,000

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.

59 THE PARKWAY is a midsized detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £396,699. It was last sold for £355,000 in October 2020, which was around 14% below the average October 2020 detached price in the Castle Point local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

59 THE PARKWAY Sold Prices

Land registry data shows three sales for 59 THE PARKWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the three 59 THE PARKWAY 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 28 OCT	£355,000	£414,704	14% below HPI
2005 14 OCT	£210,000	£229,719	9% below HPI
1996 29 NOV	£68,000	£79,320	14% below HPI

59 THE PARKWAY 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 three 59 THE PARKWAY sales between November 1996 and October 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 October 2005 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 59 THE PARKWAY be worth now?

59 THE PARKWAY might now be worth an estimated £396,699.

This is based on house price inflation of 11.7%, between October 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 11.7% inflationary increase is applied to the most recent sale price for 59 THE PARKWAY of £355,000 on 28th October 2020. For the value to have increased from £355,000 to £396,699 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 59 THE PARKWAY has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The October 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 59 THE PARKWAY has not materially changed since October 2020.

How Large is 59 THE PARKWAY?

59 THE PARKWAY is 94m² according to the EPC inspection conducted in August 2019. This puts it in the largest 50% 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 59 THE PARKWAY lies on this distribution: 55% of detached houses houses are smaller than 59 THE PARKWAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

59 THE PARKWAY: Plot and Title Map

59 THE PARKWAY sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 59 THE PARKWAY, 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 THE PARKWAY). 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 59 THE PARKWAY?

59 THE PARKWAY is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 59 on THE PARKWAY.