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Melton Close, Clacton-On-Sea CO16

East of England

£215,000
Listed on 18/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
912 sqft

Description

This two-bedroom bungalow presents an exceptional opportunity for buyers keen on renovation and value addition. With no onward chain, this property is ideally positioned in a sought-after area, featuring both a garage and a bright conservatory that enhances its appeal. The layout encompasses a welcoming hallway leading to spacious bedrooms, a family bathroom, and an expansive living room that opens into a separate dining area. The kitchen is conveniently located at the rear with access to the conservatory, which provides a lovely view of the garden. Although some updating is required, this home offers an attractive blank canvas for those looking to modernise it according to personal tastes while maximizing potential investment returns.

Investment Analysis

(CO16 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£236/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£316,861
10% above area average per sq ft
Potential ROI
+24.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (CO16)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -7.9%
5 year growth: +3.9%
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 CO16
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£775
Based on a loan of £161,250 over 30 years at 4.06% 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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