2 RAINBOW ROAD is a small detached house of 57m², built sometime between 1976 and 1982. It was last sold for £179,995 in May 2014, which was around 35% below the average May 2014 detached price in the Castle Point local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was B.
Land registry data shows two sales for 2 RAINBOW ROAD since 1st 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 2 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 |
---|---|---|---|
2014 23 MAY | £179,995 | £278,546 | 35% below HPI |
2003 21 FEB | £129,995 | £207,500 | 37% below HPI |
The below graph shows the average detached house price in the Castle Point local authority area over time, sourced from the HPI. The two 2 RAINBOW ROAD sales from February 2003 and May 2014 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 2003 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2014 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.
2 RAINBOW ROAD is 57m² according to the EPC inspection conducted in January 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 2 RAINBOW ROAD lies on this distribution: 27% of detached houses are smaller than 2 RAINBOW ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Canvey Island.
2 RAINBOW ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 2 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 2 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.
2 RAINBOW ROAD is located in CANVEY ISLAND, in the SS8 postcode district. The below map shows the position of No. 2 on RAINBOW ROAD.