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Canvey Island House Prices Canvey Island House Prices

The average house price in Canvey Island is £335,607 using HM Land Registry data.

The average property price increased by £94,203 (36.75%) over the last 5 years and increased by £18,828 (5.68%) over the last 12 months.

Over the last year, there were 351 residential property sales – a decrease of 126 transactions (-35.90%) relative to the previous year. The majority of house sales (74) were in the £278,000 - £316,000 range. Then came properties in the £240,000 - £278,000 range, where 73 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,271 (-2%).

In April 2024, there were 112 new estate agency instructions, 74 agreed home sales and 70 property price reductions.

Neighbouring Areas: Stanford-le-Hope

Postcodes Covered: SS17, SS8

5-Year Average Property Prices in Canvey Island

36.75%

Property prices in Canvey Island increased by 36.75% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Canvey Island Over the Last Year

5.68%

Property prices in Canvey Island increased by 5.68% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Canvey Island - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Canvey Island

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Canvey Island

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Canvey Island

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Canvey Island since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Canvey Island area since 1995.

Recent Property Sales in Canvey Island

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Corona Road, Canvey Island, Essex, SS8 8EZ£265,000£260,000-£5,00028 Sep 202313 Mar 2024167 Days
39 Tewkes Road, Canvey Island, Essex, SS8 8HF£230,000£220,000-£10,00014 Nov 202308 Mar 2024115 Days
11 Runnymede Road, Canvey Island, Essex, SS8 0EF£599,995£567,500-£32,49501 Dec 202321 Feb 202482 Days
130 Second Avenue, Canvey Island, Essex, SS8 9LN£250,000£250,000£0008 Aug 202313 Feb 2024189 Days
19 Thorney Bay Road, Canvey Island, Essex, SS8 0HG£360,000£352,000-£8,00009 Oct 202312 Feb 2024126 Days
108 Fourth Walk, Canvey Island, Essex, SS8 9ST£280,000£270,000-£10,00019 Aug 202308 Feb 2024173 Days
4 Normans Road, Canvey Island, Essex, SS8 7SN£375,000£375,000£0005 Sep 202305 Feb 2024153 Days
43 Seaview Road, Canvey Island, Essex, SS8 7PB£365,000£360,000-£5,00028 Dec 202326 Jan 202429 Days
90 Smallgains Avenue, Canvey Island, Essex, SS8 8LB£300,000£292,000-£8,00014 Aug 202324 Jan 2024163 Days
9a, Van Diemens Pass, Canvey Island, Essex, SS8 7QD£230,000£228,500-£1,50009 Oct 202315 Jan 202498 Days
20 Downham Road, Canvey Island, Essex, SS8 0DF£325,000£318,000-£7,00025 Aug 202312 Jan 2024140 Days
19b, Handel Road, Canvey Island, Essex, SS8 7HL£240,000£226,500-£13,50017 Oct 202310 Jan 202485 Days
39 Temptin Avenue, Canvey Island, Essex, SS8 8LE£372,000£348,000-£24,00026 Jul 202321 Dec 2023148 Days
36 Taranto Road, Canvey Island, Essex, SS8 7LH£345,000£340,000-£5,00025 Sep 202319 Dec 202385 Days
8 Coniston Road, Canvey Island, Essex, SS8 0DQ£450,000£445,000-£5,00028 Sep 202319 Dec 202382 Days
7 Roserna Road, Canvey Island, Essex, SS8 7JT£395,000£382,500-£12,50019 Sep 202318 Dec 202390 Days
70 Paarl Road, Canvey Island, Essex, SS8 9BU£325,000£325,000£0002 Sep 202315 Dec 2023104 Days
2 Odessa Road, Canvey Island, Essex, SS8 7ER£500,000£495,000-£5,00016 Oct 202313 Dec 202358 Days
17 Spanbeek Road, Canvey Island, Essex, SS8 8BP£260,000£260,000£0008 Aug 202308 Dec 2023122 Days
12 Roserna Road, Canvey Island, Essex, SS8 7JT£380,000£365,000-£15,00025 Jul 202308 Dec 2023136 Days

Most Expensive Streets in Canvey Island

PostcodeStreetAreaAverageNo. of Sales
SS8 0JLLong RoadCanvey Island£783,3333
SS8 7BLFurtherwick RoadCanvey Island£728,7504
SS8 9PUGeorge CloseCanvey Island£610,0005
SS8 7TNSilver Point MarineCanvey Island£571,6254
SS8 0AUCleveland RoadCanvey Island£508,1254
SS8 7QUBeveland RoadCanvey Island£496,2504
SS8 7BSLabworth RoadCanvey Island£488,7504
SS8 9FDCastle View RoadCanvey Island£485,5006
SS8 0HQThorney Bay RoadCanvey Island£465,00010
SS8 0AWLeigh RoadCanvey Island£438,3333

Least Expensive Streets in Canvey Island

PostcodeStreetAreaAverageNo. of Sales
SS8 7SBVenables CourtVenables Close£144,4287
SS8 9ULThe AshleighsSanders Road£147,5717
SS8 9XGHilton RoadCanvey Island£156,6005
SS8 7HQMayflower CourtMay Avenue£182,5003
SS8 0JNLong RoadCanvey Island£186,3326
SS8 8AAElder Tree RoadCanvey Island£186,5006
SS8 7DNThe River FrontEastern Esplanade£192,0009
SS8 9PZElsinor AvenueCanvey Island£192,83212
SS8 9UNBadgers RiseSanders Road£202,6663
SS8 7PDSeaview RoadCanvey Island£207,2503

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