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Groom Park, Clacton on Sea, CO15

East of England

£175,000
Listed on 08/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
804 sqft

Description

This established ex-council three-bedroom semi-detached property presents a compelling opportunity for renovation and investment. While it requires modernisation, it is conveniently located within easy reach of local schools and town amenities, making it an attractive option for potential buyers or renters. The entrance lobby leads to a spacious lounge equipped with essential features but in need of contemporary updates. The kitchen/diner offers ample space with existing plumbing for appliances, providing an ideal framework for a modern kitchen overhaul. Upstairs, the property includes three good-sized bedrooms, each with fitted storage that can be enhanced further. A family bathroom contains standard fixtures which may benefit from refurbishment. Outside, the enclosed front garden has potential for off-road parking, while the rear courtyard garden provides a low-maintenance outdoor space. This property is offered chain-free, presenting excellent value as a blank canvas for your renovation vision.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£218/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£247
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£238,390
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -5.0%
5 year growth: 14.1%
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

Groom Park, Clacton on Sea, 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
£641
Based on a loan of £131,250 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