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Castle Road, Clacton-on-Sea, Essex, CO15

East of England

£130,000
Listed on 27/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
841 sqft

Description

This three-bedroom mid-terraced home in Clacton-on-Sea presents a valuable renovation opportunity for prospective buyers. With the advantage of no onward chain, the property is primed for transformation, making it an appealing choice for those looking to create either a personal residence or an investment project. The layout features a welcoming entrance hall that leads into a front-facing living room, providing a cozy space for relaxation. The kitchen, spacious and functional, offers ample room for reconfiguration according to your vision. A family bathroom completes the ground floor, while upstairs, the three bedrooms offer generous proportions with potential for modernization or reconfiguration to enhance functionality. In terms of location, this property benefits from nearby local amenities, schools, and convenient transport links—essential elements that add to its appeal as an investment opportunity. The availability of permit parking also adds convenience for residents. Whether you are a first-time buyer eager to embark on a renovation journey or an investor seeking to capitalize on future rental demand in this area, this property holds considerable promise. With careful planning and creativity, there is significant potential to unlock value and create a unique living space tailored to modern needs.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£155/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£248,482
10% above area average per sq ft
Potential ROI
+46.2%
After renovation
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

Castle Road, Clacton-on-Sea, Essex, CO15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£476
Based on a loan of £97,500 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