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Carnarvon Road, Clacton-On-Sea

East of England

£550,000
Listed on 17/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial double plot property located on Carnarvon Road in Clacton-On-Sea currently comprises a car wash and a tyre servicing business, offering both immediate cash flow and significant renovation potential. The existing commercial units yield approximately 7% annually, presenting a solid investment opportunity for buyers interested in income-generating properties. The site is strategically positioned amidst a vibrant mix of restaurants, shops, and bars, enhancing its appeal for future development. With the possibility to convert the property into residential flats (subject to planning permission), this location offers versatile options for maximizing its value. Proximity to Clacton-On-Sea station adds further convenience, making it attractive for commuters and enhancing its desirability. Investors looking for a property with both current revenue and substantial redevelopment potential will find this listing particularly intriguing. For those interested in exploring the possibilities further, we encourage you to reach out for more information or to schedule a site visit.

Investment Analysis

(CO15 area)
Area Average
£269/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +2.9% over the last 12 months
3 year growth: -5.1%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on CO15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Carnarvon Road, Clacton-On-Sea
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE