According to the public record, 5, Springfield Meadows, Clacton-On-Sea is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 872 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Springfield Meadows, Little Clacton, Clacton-On-Sea, CO16 is located in the borough of Tendring within the CO16 postal district.
5, Springfield Meadows, Clacton-On-Sea has a single entry in the Land Registry database from January 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Springfield Meadows Clacton-On-Sea as £327,376 and the rental value as £1,201 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 5 Springfield Meadows Clacton-On-Sea has decreased by £3,473 (1.1%) and its rental value has increased by £53 per month (4.4%).
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 5, Springfield Meadows, Clacton-On-Sea is in very good condition we estimate a sale value of £343,744 and rental value of £1,261 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £304,459 and a rental value of £1,117 per month.
If you were able to purchase this property for the estimated value of £327,376, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,609 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, 5, Springfield Meadows, Clacton-On-Sea was last sold on 11 Jan 2008 for £210,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 56.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Springfield Meadows, Clacton-On-Sea within a radius of 69m over the last 2 years.
The most recent example is 40, Springfield Meadows, Clacton-On-Sea, CO16 9EB, a Freehold house which sold for £340,000 in Aug 2020.
Read more about house prices in CO16.
Springfield Meadows, Little Clacton, Clacton-On-Sea, CO16 has a total of 28 addresses. According to our analysis of all the public data, 5, Springfield Meadows, Clacton-On-Sea is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in CO16.
The closest station to 5, Springfield Meadows, Clacton-On-Sea is Thorpe-le-Soken 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 5, Springfield Meadows, Clacton-On-Sea, 54.2% of property is privately owned outright and 35.8% 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 5, Springfield Meadows, Clacton-On-Sea, 19.8% of residents are recorded as possessing school level qualifications and 20.8% 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 5, Springfield Meadows, Clacton-On-Sea, the average age was 47.6 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 5, Springfield Meadows, Clacton-On-Sea, 1.4% 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 5, Springfield Meadows, Clacton-On-Sea, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.