According to the public record, 58, Land Close, Clacton-On-Sea is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Land Close, Clacton-On-Sea, CO16 is located in the borough of Tendring within the CO16 postal district.
58, Land Close, Clacton-On-Sea has 21 entries in the Land Registry database, most recently in December 2006 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 58 Land Close Clacton-On-Sea as £137,008 and the rental value as £721 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 58 Land Close Clacton-On-Sea has increased by £2,090 (1.5%) and its rental value has increased by £48 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 58, Land Close, Clacton-On-Sea is in very good condition we estimate a sale value of £143,859 and rental value of £758 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,418 and a rental value of £671 per month.
If you were able to purchase this property for the estimated value of £137,008, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £673 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, 58, Land Close, Clacton-On-Sea was last sold on 06 Dec 2006 for £95,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Land Close, Clacton-On-Sea within a radius of 490 metres over the last 2 years.
The most recent example is 50, Land Close, Clacton-On-Sea, CO16 8UJ, a Leasehold flat which sold for £145,000 in Apr 2022.
Read more about house prices in CO16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Land Close, Clacton-On-Sea, CO16 has a total of 32 addresses. According to our analysis of all the public data, 58, Land Close, Clacton-On-Sea is the 25th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £157k less expensive than the average property in CO16.
The closest station to 58, Land Close, Clacton-On-Sea is Clacton-on-Sea station which is 1.7 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 58, Land Close, Clacton-On-Sea, 52.0% of property is privately owned outright and 29.1% 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 58, Land Close, Clacton-On-Sea, 17.5% of residents are recorded as possessing school level qualifications and 17.3% 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 58, Land 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 58, Land Close, Clacton-On-Sea, 0.6% 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 58, Land 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.