8, THE CHERRIES, CANVEY ISLAND, SS8 0BB - £350,000

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 THE CHERRIES is a small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £350,000 in September 2022, which was around 31% below the average September 2022 detached price in the Castle Point local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

8 THE CHERRIES Sold Prices

Land registry data shows two sales for 8 THE CHERRIES 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 THE CHERRIES 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
2022 26 SEP	£350,000	£506,147	31% below HPI
1999 4 MAY	£85,000	£103,761	18% below HPI

8 THE CHERRIES 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 THE CHERRIES sales from May 1999 and September 2022 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 May 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 8 THE CHERRIES?

8 THE CHERRIES is 68m² according to the EPC inspection conducted in November 2021. 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 8 THE CHERRIES lies on this distribution: 35% of detached houses are smaller than 8 THE CHERRIES, and 65% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

8 THE CHERRIES: Plot and Title Map

8 THE CHERRIES sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 8 THE CHERRIES, 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 THE CHERRIES). 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 THE CHERRIES?

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