FLORA, ODESSA ROAD, CANVEY ISLAND, SS8 7ES - £229,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FLORA is a small extended detached house of 57m², built sometime between 1950 and 1966, which could now be worth an estimated £311,018. It was last sold for £229,000 in February 2016, which was around 33% below the average February 2016 detached price in the Castle Point local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

FLORA Sold Prices

Land registry data shows four sales for FLORA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Castle Point local authority area for the corresponding sale date. All of the four FLORA 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
2016 5 FEB	£229,000	£341,209	33% below HPI
2014 18 JUL	£129,500	£282,465	54% below HPI
2010 16 AUG	£122,500	£262,247	53% below HPI
2009 22 MAY	£105,000	£225,295	53% below HPI

FLORA 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 four FLORA sales between May 2009 and February 2016 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 July 2014 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might FLORA be worth now?

FLORA might now be worth an estimated £311,018.

This is based on house price inflation of 35.8%, between February 2016 and February 2025, for detached houses, in the Castle Point local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.8% inflationary increase is applied to the most recent sale price for FLORA of £229,000 on 5th February 2016. For the value to have increased from £229,000 to £311,018 over the nine years to February 2025, the following assumptions must hold true:

• The value of FLORA has moved in line with the HPI for detached houses in the Castle Point local authority area.
• The February 2016 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of FLORA has not materially changed since February 2016.

How Large is FLORA?

FLORA is 57m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% of detached houses houses in Canvey Island, based on EPC data. The below chart shows the distribution of detached houses houses by size in Canvey Island, and where FLORA lies on this distribution: 26% of detached houses houses are smaller than FLORA, and 73% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

FLORA: Plot and Title Map

FLORA sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of FLORA, 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 FLORA). 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 FLORA?

FLORA is located on ODESSA ROAD in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of FLORA on ODESSA ROAD.