Clacton-on-Sea

Area Guide For Clacton-on-Sea

Gunfleet Sands Offshore Wind Farm 173 MW wind farm 7 km off the Clacton-on-Sea and Holland Essex coast in the Northern Thames Estuary, commissioned on 15 June 2010. It has 48 Siemens Wind Power‎ wind turbines of 3.6 MW capacity each. Construction began in March 2008 and the first two turbines started generating electricity in August 2009. As of January 2010, 45 turbines are in place with 20 supplying electricity to the grid. On average, the complete wind farm is expected to supply enough power for approximately 120,000 homes. Revenue is around 0,16 per kWh. The project is being constructed by DONG Energy and all 48 turbines are made by Siemens Wind Power‎. Construction was originally due to be completed in Autumn 2009, however the project overran, partly due to the cable installation contractor Oceanteam going into administration in May 2009.

 
 

Clacton-on-Sea Map

Estimated Price: £182,867
Average Asking Price: £180,085
Price change in last one year: £11,888
Average Price Paid: £155,525
Average Rent Rates: £766

 
 

Property Prices Breakdown in Clacton-on-Sea

Average Price for property in Clacton-on-Sea is around £182,867 which varies based on type of property you are interested in and ranges from £223,025 for detached house to around £168,515 for semi-detached. Similarly terraced house is around £141,497 and a flat is worth £114,810. Values have been changing and have risen £300 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,003 in last 6 months, £11,888 in last 1 year, £17,707 in last 2 years, £21,278 in last 3 years, £19,851 in last 4 years and £14,047 in last 5 years.

Currently average asking price of a property in Clacton-on-Sea is around £180,085 based on approximately 1,305 properties for sale. Same is the case with rental options based on 112 properties up for rent, average asking rent is around £766 per month.

Estimated property value in Clacton-on-Sea is £182,867. Average asking price is £180,085 while average price paid is £161,391 which is up by £11,888 and Avg. asking rent £766.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Clacton-on-Sea area. In last 1 year alone average price buyer paid is around £161,391 based on approximately 1,305 sales in Clacton-on-Sea area alone. If you compare it to last 3 years sales of 3,377 properties where buyers paid around £156,680. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £155,525 for 5,349 and average amount paid for purchase of approx. 7,229 properties sold in last 7 years comes to about £156,776 per sale.

 
 

Properties For Sale in Clacton-on-Sea

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £84,107, £132,218 for a 2 bedroom house, £186,401 for a 3 bedroom house, £291,448 for a 4 bedroom house and £371,700 for a 5 bedroom house. For a flat similarly the prices varies from £93,688 for a single bedroom to £129,425 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £146,917 and £200,000 for a 4 bedroom flat. To sum up the asking prices for properties in Clacton-on-Sea it comes to around average £89,027 for 1 bedroom property, £131,556 for 2 bedroom, £184,514 for 3 bedroom, £290,253 for 4 bedroom and £371,700 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £464 for 1 bedroom to £661 for 2 bedrooms, £778 for 3 bedrooms, £1,025 for 4 bedrooms and £962 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £513. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £592 and £659 for 3 bedroom. You should be generally be expecting around average £508 rent per month for single bedroom property, £623 for 2 bedroom, £766 for 3 bedroom, £1,025 for 4 bedroom and approximately £962 for a 5 bedroom property in Clacton-on-Sea area.

Popular Houses in Clacton-on-Sea

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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