Worst House on the Street Logo
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 1
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 2
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 3
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 4
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 5
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 6
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 7
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 8
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 9
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 10
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 11
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 12
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 13
Lake Avenue, Clacton-On-Sea, Essex CO15 - Image 14

Lake Avenue, Clacton-On-Sea, Essex CO15

East of England

£250,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
987 sqft

Description

Nestled in a well-established residential neighbourhood, this two-bedroom semi-detached bungalow presents a compelling opportunity for renovation enthusiasts and first-time buyers looking to imprint their personal style. The single-storey layout offers practical living spaces and includes off-road parking along with a garage, enhancing convenience for future owners. The south-facing rear garden is bathed in sunlight, providing an inviting outdoor environment with considerable potential for landscaping or enhancement. Its location strikes a balance between tranquility and accessibility, with local shops, supermarkets, and bus routes all within easy reach. For those seeking leisure options, Clacton town centre is nearby, featuring a diverse range of shops and cafes, while coastal walks along the seafront are readily accessible. Additionally, the mainline railway station nearby facilitates direct access to London Liverpool Street, appealing to commuters. In summary, this bungalow not only offers the advantage of no onward chain but also serves as an ideal canvas for those keen on creating their dream home in a sought-after area.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£253/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£241
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£286,842
10% above area average per sq ft
Potential ROI
+4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +5.6% over the last 12 months
3 year growth: -3.6%
5 year growth: +9.2%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates