8, RAINBOW AVENUE, CANVEY ISLAND, SS8 8AF - £220,000

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

8 RAINBOW AVENUE is a large extended detached house of 122m², built sometime between 1930 and 1949. It was last sold for £220,000 in March 2021, which was around 49% below the average March 2021 detached price in the Castle Point local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

8 RAINBOW AVENUE Sold Prices

Land registry data shows two sales for 8 RAINBOW AVENUE 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 8 RAINBOW 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
2021 5 MAR	£220,000	£428,319	49% below HPI
2007 13 FEB	£100,000	£252,710	60% below HPI

8 RAINBOW AVENUE 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 8 RAINBOW AVENUE sales from February 2007 and March 2021 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 2007 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the March 2021 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 8 RAINBOW AVENUE?

8 RAINBOW AVENUE is 122m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the largest 30% 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 8 RAINBOW AVENUE lies on this distribution: 75% of detached houses are smaller than 8 RAINBOW AVENUE, and 24% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

8 RAINBOW AVENUE: Plot and Title Map

8 RAINBOW AVENUE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 8 RAINBOW 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 8 RAINBOW 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.

Where is 8 RAINBOW AVENUE?

8 RAINBOW AVENUE is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 8 on RAINBOW AVENUE.