Feb 07, 2023 by HM

House prices in Clacton-On-Sea (CO15 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Clacton-On-Sea (CO15 1).

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Price per square metre

Knowing the average house price in Clacton-On-Sea is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 59, Queens Road, Clacton-On-Sea, sold for £317,500 on Sep-2023. Given the internal area of 92 square metres, the price per sqm is £3,451.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 232 sales in Clacton-On-Sea (CO15 1) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Clacton-On-Sea (CO15 1). Of the 232 transactions, half were sold for between £2,140 and £3,520 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,520m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CO15 1' is £2,730. The table below shows how 'CO15 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO15 6 Holland-On-Sea	£2,430m2	£2,890m2	£3,580m2
CO15 1 Clacton-On-Sea	£2,140m2	£2,730m2	£3,520m2
CO15 5 Holland-On-Sea	£3,220m2	£3,890m2	£4,560m2
CO15 2 Jaywick	£1,970m2	£2,610m2	£3,300m2
CO15 3 Clacton-On-Sea	£2,080m2	£2,510m2	£2,930m2
CO15 4 Holland-On-Sea	£3,180m2	£3,750m2	£4,230m2

Will Clacton-On-Sea house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CO15 1 (Clacton-On-Sea). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CO15 1 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Clacton-On-Sea and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Clacton-On-Sea data or any other data I am given.

Price map for Clacton-On-Sea

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Clacton-On-Sea. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Clacton-On-Sea

Street level data

Street	Avg size	Avg £/m2	Recent sales
Marine Parade West, Clacton-On-Sea, CO15 1L	60m2	£2,234	33
Edith Road, Clacton-On-Sea, CO15 1L	51m2	£1,800	21
Hayes Road, Clacton-On-Sea, CO15 1T	103m2	£1,805	19
Crown Road, Clacton-On-Sea, CO15 1A	86m2	£2,972	16
Queens Road, Clacton-On-Sea, CO15 1A	76m2	£3,826	15
Spinnaker Close, Clacton-On-Sea, CO15 1A	52m2	£2,987	15
Kings Road, Clacton-On-Sea, CO15 1B	124m2	£2,961	13
West Road, Clacton-On-Sea, CO15 1A	52m2	£2,836	12

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Ellis Road, Clacton-On-Sea, CO15 1F	56m2	£2,185	14

Ellis Road, Clacton-On-Sea, CO15 1F has seen 14 new build sales in the last 4 years (average price £118,633). These new build homes typically have an internal area of 56 m2, with an average price of £2,185 m2. This £sqm average is £-545 below the average for CO15 1. New builds typically command a £ per sqm premium. In the case of Ellis Road the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Clacton-On-Sea is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
59, Queens Rd, Clacton-On-Sea	£317,500 Sep-2023	92	3,451
Flat 1 Collingwood Green, Collingwood Rd, Clacton-On-Sea	£90,000 Sep-2023	42	2,142
22a, Coan Avenue, Clacton-On-Sea	£180,000 Sep-2023	53	3,396

See the entire list of all sales in Clacton-On-Sea (CO15 1) here.