According to the public record, Flat 2, Ramsden Chambers 101, Clacton-On-Sea is a period leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in Ramsden Chambers, Pier Avenue, Clacton-On-Sea, CO15.
Pier Avenue, Clacton-On-Sea, CO15 is located in the borough of Tendring within the CO15 postal district.
Flat 2, Ramsden Chambers 101, Clacton-On-Sea has 21 entries in the Land Registry database, most recently in March 2020 and a single entry in the EPC database dated July 2020.
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 Flat 2 Ramsden Chambers 101 Clacton-On-Sea as £107,692 and the rental value as £635 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 2 Ramsden Chambers 101 Clacton-On-Sea has increased by £1,082 (1.0%) and its rental value has increased by £41 per month (6.5%).
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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea is in very good condition we estimate a sale value of £113,077 and rental value of £667 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £100,154 and a rental value of £591 per month.
If you were able to purchase this property for the estimated value of £107,692, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £529 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, Flat 2, Ramsden Chambers 101, Clacton-On-Sea was last sold on 12 Mar 2020 for £90,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2020, the market for similar properties has risen 15.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Ramsden Chambers 101, Clacton-On-Sea within a radius of 440 metres over the last 2 years.
The most recent example is Flat 4, Dorset House 26, Wellesley Road, Clacton-On-Sea, CO15 3PP, a Leasehold flat which sold for £110,000 in Aug 2022.
Read more about house prices in CO15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pier Avenue, Clacton-On-Sea, CO15 has a total of 45 addresses. According to our analysis of all the public data, Flat 2, Ramsden Chambers 101, Clacton-On-Sea is the 28th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £127k less expensive than the average property in CO15.
Flat 2, Ramsden Chambers 101, Clacton-On-Sea has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Jul 2020.
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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea is Clacton-on-Sea station which is 400 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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea, 68.8% of property is privately rented and 17.4% is privately owned outright.
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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea, 14.5% of residents are recorded as possessing school level qualifications and 14.9% 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 Flat 2, Ramsden Chambers 101, 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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea, 0.3% 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 Flat 2, Ramsden Chambers 101, Clacton-On-Sea, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.