CO16 8GD is a residential postcode located on Cross Road, Clacton-On-Sea, CO16. It is the 705th largest postcode in the CO16 area.
It contains 36 houses and the most common type of property is a modern house built after 1980.
The average house value is £239,242. Sales values have decreased in the last 12 months by 0.5% and Rental values have increased by 4.5%.
Property sale values range from £218,607 for a freehold house, with 2 bedrooms split across 657 square feet of gross internal area and has a garden to £336,534 for a freehold house, with 4 bedrooms split across 1,302 square feet of gross internal area and has a garden.
Average £/ft2 for properties in CO16 8GD is £325/ft2.
Properties achieve a rental yield of between 5.1% and 5.6%, and rental values range from £1,006 to £1,427 per month.
The last sale was 22 Mar 2024 for £225,000 and since then the market in the area as increased by 2%. The postcode has had a total of 4 sales since 1995.
CO16 8GD has seen 4 sales in the last three years and 3 sales in the last twelve months.
CO16 8GD is the 705th largest and the 214th most expensive postcode out of the 782 postcodes in the CO16 area.
CO16 8GD is a residential postcode located on Cross Road, Clacton-On-Sea, CO16 with 36 houses within its bounds.
The most common property type in CO16 8GD is a modern house built after 1980.
The homes are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to CO16 8GD is Clacton-on-Sea station which is 2.3 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around CO16 8GD, 60.6% of property is privately owned outright and 23.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around CO16 8GD, 5.1% of residents are recorded as possessing school level qualifications and 12.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around CO16 8GD, the average age was 44.4 and the most common age was 72.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around CO16 8GD, 1.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around CO16 8GD, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.