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Lake Avenue, Clacton-on-Sea, Essex, CO15

East of England

£250,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
987 sqft

Description

Located in a well-established residential neighborhood, this two-bedroom semi-detached bungalow stands out as an opportunity for those looking to invest in a property with significant renovation potential. Offered with no onward chain, the single-level accommodation provides a solid foundation for modernization, making it particularly appealing for buyers who wish to customize their living space. The layout is functional and spacious, featuring off-road parking and a garage, which enhance the practicality of daily living.

The south-facing rear garden bathes in sunlight throughout the day, providing a delightful outdoor area that has ample scope for landscaping or enhancements to suit personal preferences. Although the interior could benefit from updating to meet contemporary standards, this property offers the chance to create a bespoke home while also promising increased value upon completion of renovations. It is ideal for downsizers, first-time buyers, or anyone seeking a manageable project that can be tailored to individual tastes.

Situated in a tranquil yet accessible location, residents can enjoy proximity to local shops, supermarkets, and reliable public transport links. Clacton town centre is nearby for broader shopping options and leisure activities, while coastal walks at the seafront are easily reachable. Furthermore, the mainline railway station allows for convenient commutes to London Liverpool Street.

This bungalow presents an attractive proposition for those desiring single-storey living in a sought-after area with a sunny garden and the ease of no onward chain facilitating an uncomplicated transaction.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -5.0% below area average per sq ft

-5.0%
Potential saving
This Property
£253/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£245
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£289,339
10% above area average per sq ft
Potential ROI
-0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +6.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +12.4%
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

Lake Avenue, Clacton-on-Sea, Essex, CO15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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