According to the public record, 38, Merrilees Crescent, Clacton-On-Sea is a mid-century freehold house with 699 ft2 of internal area and sits on a 360 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Merrilees Crescent, Holland-On-Sea, Clacton-On-Sea, CO15 is located in the borough of Tendring within the CO15 postal district.
38, Merrilees Crescent, Clacton-On-Sea has 21 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated June 2023.
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 38 Merrilees Crescent Clacton-On-Sea as £229,383 and the rental value as £1,008 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 38 Merrilees Crescent Clacton-On-Sea has decreased by £1,584 (0.7%) and its rental value has increased by £47 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 38, Merrilees Crescent, Clacton-On-Sea is in very good condition we estimate a sale value of £240,852 and rental value of £1,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,326 and a rental value of £937 per month.
If you were able to purchase this property for the estimated value of £229,383, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,127 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, 38, Merrilees Crescent, Clacton-On-Sea sits on a plot of 360m2.
We have plot size data on 10 out of 22 other houses in the postcode and 38, Merrilees Crescent, Clacton-On-Sea sits on the 5th largest plot.
According to HM Land Registry, 38, Merrilees Crescent, Clacton-On-Sea was last sold on 09 Feb 2023 for £180,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Merrilees Crescent, Clacton-On-Sea within a radius of 770 metres over the last 2 years.
The most recent example is 104, Chelmsford Road, Clacton-On-Sea, CO15 5EB, a Freehold house which sold for £185,000 in Jun 2021.
Read more about house prices in CO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merrilees Crescent, Holland-On-Sea, Clacton-On-Sea, CO15 has a total of 52 addresses. According to our analysis of all the public data, 38, Merrilees Crescent, Clacton-On-Sea is the 35th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £5k less expensive than the average property in CO15.
38, Merrilees Crescent, Clacton-On-Sea has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 29 Jun 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 38, Merrilees Crescent, Clacton-On-Sea is Clacton-on-Sea station which is 2.8 kilometres 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 38, Merrilees Crescent, Clacton-On-Sea, 69.9% of property is privately owned outright and 17.9% 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 38, Merrilees Crescent, Clacton-On-Sea, 10.6% of residents are recorded as possessing school level qualifications and 18.1% 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 38, Merrilees Crescent, Clacton-On-Sea, the average age was 56.2 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 38, Merrilees Crescent, Clacton-On-Sea, 0.8% 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 38, Merrilees Crescent, Clacton-On-Sea, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.