According to the public record, 62, Park Road, Clacton-On-Sea is a period leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Park Road, Clacton-On-Sea, CO15 is located in the borough of Tendring within the CO15 postal district.
62, Park Road, Clacton-On-Sea has 21 entries in the Land Registry database, most recently in April 2011 and a single entry in the EPC database dated December 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 62 Park Road Clacton-On-Sea as £197,203 and the rental value as £898 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 62 Park Road Clacton-On-Sea has increased by £2,681 (1.4%) and its rental value has increased by £61 per month (6.8%).
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 62, Park Road, Clacton-On-Sea is in very good condition we estimate a sale value of £207,063 and rental value of £943 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,399 and a rental value of £835 per month.
If you were able to purchase this property for the estimated value of £197,203, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £969 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, 62, Park Road, Clacton-On-Sea was last sold on 26 Apr 2011 for £101,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2011, the market for similar properties has risen 58.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 62, Park Road, Clacton-On-Sea within a radius of 500 metres over the last 2 years.
The most recent example is Flat 2, 82, West Avenue, Clacton-On-Sea, CO15 1HB, a Leasehold flat which sold for £117,500 in Dec 2008.
Read more about house prices in CO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Clacton-On-Sea, CO15 has a total of 68 addresses. According to our analysis of all the public data, 62, Park Road, Clacton-On-Sea is the 56th largest and the 64th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in CO15.
62, Park Road, Clacton-On-Sea has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2023.
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 62, Park Road, Clacton-On-Sea is Clacton-on-Sea station which is 800 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 62, Park Road, Clacton-On-Sea, 45.2% of property is privately owned outright and 27.0% 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 62, Park Road, Clacton-On-Sea, 18.2% of residents are recorded as possessing school level qualifications and 15.9% 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 62, Park Road, Clacton-On-Sea, the average age was 45 and the most common age was 62.
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 62, Park Road, 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 62, Park Road, 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.