6, PICASSO WAY, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9TD - £277,000

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.

6 PICASSO WAY is a small extended terraced house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £334,657. It was last sold for £277,000 in August 2017, which was around 6% above the average August 2017 terraced price in the Southend-on-Sea local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

6 PICASSO WAY Sold Prices

Land registry data shows three sales for 6 PICASSO WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Southend-on-Sea local authority area for the corresponding sale date. All of the three 6 PICASSO WAY sales were for above 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
2017 30 AUG	£277,000	£261,913	6% above HPI
2011 19 AUG	£175,000	£167,977	4% above HPI
2002 12 DEC	£147,500	£111,258	33% above HPI

6 PICASSO WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Southend-on-Sea local authority area over time, sourced from the HPI. The three 6 PICASSO WAY sales between December 2002 and August 2017 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 August 2011 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2017 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 6 PICASSO WAY be worth now?

6 PICASSO WAY might now be worth an estimated £334,657.

This is based on house price inflation of 20.8%, between August 2017 and June 2025, for terraced 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 20.8% inflationary increase is applied to the most recent sale price for 6 PICASSO WAY of £277,000 on 30th August 2017. For the value to have increased from £277,000 to £334,657 over the eight years and two months to June 2025, the following assumptions must hold true:

• The value of 6 PICASSO WAY has moved in line with the HPI for terraced houses in the Southend-on-Sea local authority area.
• The August 2017 sale price of £277,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PICASSO WAY has not materially changed since August 2017.

How Large is 6 PICASSO WAY?

6 PICASSO WAY is 97m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 30% of terraced houses houses in Shoeburyness, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shoeburyness, and where 6 PICASSO WAY lies on this distribution: 21% of terraced houses houses are smaller than 6 PICASSO WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Shoeburyness.

6 PICASSO WAY: Plot and Title Map

6 PICASSO WAY sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 6 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 6 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 6 PICASSO WAY?

6 PICASSO WAY is located in SHOEBURYNESS, in the SS3 postcode district. The below map shows the position of No. 6 on PICASSO WAY.