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Melton Close, CLACTON-ON-SEA

East of England

£225,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
912 sqft

Description

This two-bedroom bungalow presents an appealing opportunity for those looking to invest in a property with great potential for modernization. With no onward chain, it offers flexibility for swift occupancy or renovation. The layout features a welcoming entrance hall leading into a spacious living room that connects to a separate dining area, making it ideal for both relaxation and entertaining. The kitchen, located at the rear of the home, adjoins a bright conservatory that provides delightful views of the garden and could be enhanced further. The property includes two generously sized bedrooms and a family bathroom. Although it is currently in need of some updates, this bungalow serves as an excellent blank canvas for buyers keen on implementing their design vision and enhancing property value. The attached garage adds useful space for parking or storage, contributing to the overall functionality of the home. For those seeking to create their dream residence or investment property, this bungalow is perfectly situated to capitalize on its location while allowing for personalized improvements.

Investment Analysis

(CO16 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£247/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£318,717
10% above area average per sq ft
Potential ROI
+20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CO16)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -7.9%
5 year growth: 7.0%
Investment Disclaimer: Analysis based on CO16 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

Melton Close, CLACTON-ON-SEA
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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
£824
Based on a loan of £168,750 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