96, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9XB - £445,000

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

96 PICASSO WAY is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £424,260. It was last sold for £445,000 in October 2022, which was around 31% below the average October 2022 detached price in the Southend-on-Sea local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

96 PICASSO WAY Sold Prices

Land registry data shows two sales for 96 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southend-on-Sea local authority area for the corresponding sale date. Both of the two 96 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
2022 21 OCT	£445,000	£649,574	31% below HPI
2009 23 FEB	£201,000	£294,622	32% below HPI

96 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 two 96 PICASSO WAY sales from February 2009 and October 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 February 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 96 PICASSO WAY be worth now?

96 PICASSO WAY might now be worth an estimated £424,260.

This is based on house price deflation of 4.7%, between October 2022 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 4.7% deflationary decrease is applied to the most recent sale price for 96 PICASSO WAY of £445,000 on 21st October 2022. For the value to have decreased from £445,000 to £424,260 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 96 PICASSO WAY has moved in line with the HPI for detached houses in the Southend-on-Sea local authority area.
• The October 2022 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 96 PICASSO WAY has not materially changed since October 2022.

How Large is 96 PICASSO WAY?

96 PICASSO WAY is 98m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% 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 96 PICASSO WAY lies on this distribution: 21% of detached houses houses are smaller than 96 PICASSO WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

96 PICASSO WAY: Plot and Title Map

96 PICASSO WAY sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 96 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 96 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 96 PICASSO WAY?

96 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 96 on PICASSO WAY.