According to the public record, 24, Tower Road, Clacton-On-Sea is a mid-century leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Tower Road, Clacton-On-Sea, CO15 is located in the borough of Tendring within the CO15 postal district.
24, Tower Road, Clacton-On-Sea has 41 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated April 2021.
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 24 Tower Road Clacton-On-Sea as £165,277 and the rental value as £744 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 24 Tower Road Clacton-On-Sea has increased by £1,987 (1.2%) and its rental value has increased by £50 per month (6.7%).
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 24, Tower Road, Clacton-On-Sea is in very good condition we estimate a sale value of £173,541 and rental value of £781 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £153,708 and a rental value of £692 per month.
If you were able to purchase this property for the estimated value of £165,277, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £812 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 HM Land Registry, 24, Tower Road, Clacton-On-Sea was last sold on 24 Mar 2023 for £190,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2023, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Tower Road, Clacton-On-Sea within a radius of 600 metres over the last 2 years.
The most recent example is 43, Alton Road, Clacton-On-Sea, CO15 1LB, a Leasehold flat which sold for £175,000 in Jun 2023.
Read more about house prices in CO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Road, Clacton-On-Sea, CO15 has a total of 29 addresses. According to our analysis of all the public data, 24, Tower Road, Clacton-On-Sea is the 22nd largest and the 15th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in CO15.
24, Tower Road, Clacton-On-Sea has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Apr 2021.
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 24, Tower Road, Clacton-On-Sea is Clacton-on-Sea station which is 900 metres 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 24, Tower Road, Clacton-On-Sea, 63.0% of property is privately owned outright and 26.5% is privately rented.
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 24, Tower Road, Clacton-On-Sea, 0.0% of residents are recorded as possessing school level qualifications and 12.1% 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 24, Tower Road, Clacton-On-Sea, the average age was 42.1 and the most common age was 57.
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 24, Tower Road, Clacton-On-Sea, 2.3% 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 24, Tower Road, Clacton-On-Sea, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.