According to the public record, 11, Reed Close, Clacton-On-Sea is a mid-century freehold house and with 1,162 ft2 of internal area and sits on a 285 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Reed Close, Clacton-On-Sea, CO16 is located in the borough of Tendring within the CO16 postal district.
11, Reed Close, Clacton-On-Sea has 2 entries in the Land Registry database, most recently in June 2020 and 2 entries in the EPC database, most recently in March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 11 Reed Close Clacton-On-Sea as £301,030 and the rental value as £1,317 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 11 Reed Close Clacton-On-Sea has decreased by £1,026 (0.3%) and its rental value has increased by £62 per month (4.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 11, Reed Close, Clacton-On-Sea is in very good condition we estimate a sale value of £316,081 and rental value of £1,383 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £279,958 and a rental value of £1,225 per month.
If you were able to purchase this property for the estimated value of £301,030, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,479 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 11, Reed Close, Clacton-On-Sea sits on a plot of 285m2.
We have plot size data on 4 out of 11 other houses in the postcode and 11, Reed Close, Clacton-On-Sea sits on the 3rd largest plot.
According to HM Land Registry, 11, Reed Close, Clacton-On-Sea was last sold on 05 Jun 2020 for £265,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2020, the market for similar properties has risen 17.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 11, Reed Close, Clacton-On-Sea within a radius of 153m over the last 2 years.
The most recent example is 7, Peter Bruff Avenue, Clacton-On-Sea, CO16 8UA, a Freehold house which sold for £280,000 in Apr 2022.
Read more about house prices in CO16.
Reed Close, Clacton-On-Sea, CO16 has a total of 11 addresses. According to our analysis of all the public data, 11, Reed Close, Clacton-On-Sea is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in CO16.
11, Reed Close, Clacton-On-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 11, Reed Close, Clacton-On-Sea is Clacton-on-Sea station which is 1.5 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 11, Reed Close, Clacton-On-Sea, 54.1% of property is privately owned outright and 27.0% 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 11, Reed Close, Clacton-On-Sea, 18.8% of residents are recorded as possessing school level qualifications and 14.8% 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 11, Reed Close, Clacton-On-Sea, the average age was 41.9 and the most common age was 7.
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 11, Reed Close, Clacton-On-Sea, 0.7% 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 11, Reed Close, Clacton-On-Sea, 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.