According to the public record, 2, Southwold Way, Clacton-On-Sea is a modern freehold house and with 699 ft2 of internal area and sits on a 370 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Southwold Way, Clacton-On-Sea, CO16 is located in the borough of Tendring within the CO16 postal district.
2, Southwold Way, Clacton-On-Sea has 31 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated March 2015.
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 2 Southwold Way Clacton-On-Sea as £237,612 and the rental value as £1,090 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Southwold Way Clacton-On-Sea has decreased by £1,292 (0.5%) and its rental value has increased by £49 per month (4.5%).
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 2, Southwold Way, Clacton-On-Sea is in very good condition we estimate a sale value of £249,492 and rental value of £1,145 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,979 and a rental value of £1,014 per month.
If you were able to purchase this property for the estimated value of £237,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,168 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, 2, Southwold Way, Clacton-On-Sea sits on a plot of 370m2.
We have plot size data on 8 out of 14 other houses in the postcode and 2, Southwold Way, Clacton-On-Sea sits on the 4th largest plot.
According to HM Land Registry, 2, Southwold Way, Clacton-On-Sea was last sold on 13 Aug 2021 for £225,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2021, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Southwold Way, Clacton-On-Sea within a radius of 224m over the last 2 years.
The most recent example is 3, Woodbridge Grove, Clacton-On-Sea, CO16 7BB, a Freehold house which sold for £225,000 in Nov 2023.
Read more about house prices in CO16.
Southwold Way, Clacton-On-Sea, CO16 has a total of 14 addresses. According to our analysis of all the public data, 2, Southwold Way, Clacton-On-Sea is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £56k less expensive than the average property in CO16.
2, Southwold Way, Clacton-On-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Mar 2015.
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 2, Southwold Way, Clacton-On-Sea is Clacton-on-Sea station which is 2.2 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 2, Southwold Way, Clacton-On-Sea, 47.8% of property is privately owned outright and 26.1% 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 2, Southwold Way, Clacton-On-Sea, 9.2% of residents are recorded as possessing school level qualifications and 14.3% 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 2, Southwold Way, Clacton-On-Sea, 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 2, Southwold Way, Clacton-On-Sea, 0.0% 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 2, Southwold Way, Clacton-On-Sea, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.