7, RAINBOW ROAD, CANVEY ISLAND, SS8 8AH - £162,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 RAINBOW ROAD is a small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £162,500 in August 2011, which was around 36% below the average August 2011 detached price in the Castle Point local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was B.

7 RAINBOW ROAD Sold Prices

Land registry data shows two sales for 7 RAINBOW ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. Both of the two 7 RAINBOW ROAD 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
2011 1 AUG	£162,500	£253,238	36% below HPI
1999 4 JAN	£62,000	£95,872	35% below HPI

7 RAINBOW ROAD 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 two 7 RAINBOW ROAD sales from January 1999 and August 2011 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 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2011 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 7 RAINBOW ROAD?

7 RAINBOW ROAD is 67m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% 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 7 RAINBOW ROAD lies on this distribution: 34% of detached houses are smaller than 7 RAINBOW ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

7 RAINBOW ROAD: Plot and Title Map

7 RAINBOW ROAD sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 7 RAINBOW ROAD, 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 7 RAINBOW ROAD). 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 7 RAINBOW ROAD?

7 RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 7 on RAINBOW ROAD.