63, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9XA - £440,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

63 PICASSO WAY is a large detached house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £506,886. It was last sold for £440,000 in January 2019, which was around 18% below the average January 2019 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

63 PICASSO WAY Sold Prices

Land registry data shows three sales for 63 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. All of the three 63 PICASSO WAY 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
2019 25 JAN	£440,000	£537,580	18% below HPI
2017 7 APR	£400,000	£487,863	18% below HPI
1998 8 MAY	£102,500	£113,886	10% below HPI

63 PICASSO WAY 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 three 63 PICASSO WAY sales between May 1998 and January 2019 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 April 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2019 sale, which was also at 18% below the HPI.

What might 63 PICASSO WAY be worth now?

63 PICASSO WAY might now be worth an estimated £506,886.

This is based on house price inflation of 15.2%, between January 2019 and December 2024, 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 15.2% inflationary increase is applied to the most recent sale price for 63 PICASSO WAY of £440,000 on 25th January 2019. For the value to have increased from £440,000 to £506,886 over the four years and one month to December 2024, the following assumptions must hold true:

• The value of 63 PICASSO WAY has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The January 2019 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 63 PICASSO WAY has not materially changed since January 2019.

How Large is 63 PICASSO WAY?

63 PICASSO WAY is 144m² according to the EPC inspection conducted in January 2017. This puts it in the largest 40% of detached houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shoeburyness, and where 63 PICASSO WAY lies on this distribution: 63% of detached houses houses are smaller than 63 PICASSO WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

63 PICASSO WAY: Plot and Title Map

63 PICASSO WAY sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 63 PICASSO WAY, 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 63 PICASSO WAY). 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 63 PICASSO WAY?

63 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 63 on PICASSO WAY.