16A, RAINBOW ROAD, CANVEY ISLAND, SS8 8AE - £248,000

16A RAINBOW ROAD is a small extended detached house of 57m², built sometime between 1983 and 1990. It was last sold for £248,000 in March 2016, which was around 28% below the average March 2016 detached price in the Castle Point local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

16A RAINBOW ROAD Sold Prices

Land registry data shows two sales for 16A 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 16A 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
2016 30 MAR	£248,000	£345,288	28% below HPI
2015 11 FEB	£187,000	£304,154	39% below HPI

16A 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 16A RAINBOW ROAD sales from February 2015 and March 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 February 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2016 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 16A RAINBOW ROAD?

16A RAINBOW ROAD is 57m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 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 16A RAINBOW ROAD lies on this distribution: 27% of detached houses are smaller than 16A RAINBOW ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.

16A RAINBOW ROAD: Plot and Title Map

16A RAINBOW ROAD sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 16A 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 16A 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 16A RAINBOW ROAD?

16A RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 16A on RAINBOW ROAD.