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

This article reveals price per square metre data and various charts to help you understand current housing market in 'CO15 1' (Clacton-On-Sea) - statistics were last calculated on 30 June 2024.

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Defining 'CO15 1'

This analysis is limited to properties whose postcode starts with "CO15 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Clacton-On-Sea.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. Flat 26 Imperial Court, Marine Parade West, Clacton-On-Sea, sold for £118,000 on May-2024. Given the internal area of 49 square metres, the price per sqm is £2,408.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 208 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.

The spread of prices will give you a feel of the typical range to expect in Clacton-On-Sea (CO15 1). Of the 208 transactions, half were sold for between £2,140 and £3,440 per square metre. The median, or 'middle', price per square metre in 'CO15 1' is £2,740. Notably, only 25% of properties that sold recently were valued at more than £3,440 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Clacton-On-Sea

Do have a look at the interactive price map I created. 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.

House price heatmap for Clacton-On-Sea

Comparison with neighbouring postcode sectors

The table below shows how 'CO15 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CO15 2 Jaywick	£1,810 sqm	£2,500 sqm	£3,330 sqm
CO15 3 Clacton-On-Sea	£2,150 sqm	£2,520 sqm	£3,000 sqm
CO15 6 Clacton-On-Sea	£2,290 sqm	£2,790 sqm	£3,530 sqm
CO15 4 Clacton-On-Sea	£3,180 sqm	£3,740 sqm	£4,230 sqm
CO15 1 Clacton-On-Sea	£2,140 sqm	£2,740 sqm	£3,440 sqm
CO15 5 Holland-On-Sea	£3,170 sqm	£3,860 sqm	£4,530 sqm

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 chart below for CO15 1 (Clacton-On-Sea) compared with both the wider area CO15 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Clacton-On-Sea to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Marine Parade West, Clacton-On-Sea, CO15 1L	60 sqm	£2,220	39
Hayes Road, Clacton-On-Sea, CO15 1T	104 sqm	£1,856	19
Edith Road, Clacton-On-Sea, CO15 1L	51 sqm	£1,687	18
Crown Road, Clacton-On-Sea, CO15 1A	86 sqm	£3,061	16
Queens Road, Clacton-On-Sea, CO15 1A	76 sqm	£3,850	15
West Road, Clacton-On-Sea, CO15 1A	52 sqm	£3,035	15
Kings Road, Clacton-On-Sea, CO15 1B	123 sqm	£2,966	14
Weymouth Close, Clacton-On-Sea, CO15 1X	52 sqm	£2,679	14

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Ellis Road, Clacton-On-Sea, CO15 1F	56 sqm	£2,192	12

Ellis Road, Clacton-On-Sea, CO15 1F has seen 12 new build sales in the last 4 years (average price £114,900). These new build homes typically have an internal area of 56 sqm, with an average price of £2,192 sqm. This £sqm average is £-548 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	sqm	£/sqm
Flat 26 Imperial Court, Marine Parade West, Clacton-On-Sea	£118,000 May-2024	49	2,408
Flat 5 Millennium Court, Marine Parade West, Clacton-On-Sea	£180,000 Apr-2024	59	3,050
63, Selsey Avenue, Clacton-On-Sea	£100,000 Apr-2024	46	2,173

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