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).


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. You can click on the map labels to change to a neighbouring sector.

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 19 Imperial Court, Marine Parade West, Clacton-On-Sea, sold for £98,000 on Feb-2024. Given the internal area of 49 square metres, the price per sqm is £2,000.

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 225 sales in Clacton-On-Sea (CO15 1) that took place in the last two years.

Distribution of £ per sqm for Clacton-On-Sea (CO15 1)
Distribution of £ per sqm house prices in Clacton-On-Sea

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 225 transactions, half were sold for between £2,140 and £3,510 per square metre. The median, or 'middle', price per square metre in 'CO15 1' is £2,730. Notably, only 25% of properties that sold recently were valued at more than £3,510m2. 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.

Property price heatmap for Clacton-On-Sea
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 6 Holland-On-Sea £2,380m2 £2,840m2 £3,540m2
CO15 1 Clacton-On-Sea £2,140m2 £2,730m2 £3,510m2
CO15 5 Holland-On-Sea £3,220m2 £3,900m2 £4,600m2
CO15 2 Jaywick £1,810m2 £2,510m2 £3,310m2
CO15 3 Clacton-On-Sea £2,110m2 £2,500m2 £2,940m2
CO15 4 Holland-On-Sea £3,230m2 £3,780m2 £4,280m2

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.

Price per square metre in Clacton-On-Sea (CO15 1) over time
House price trends for Clacton-On-Sea

Hover on any blue dot to see details of specific sales

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.

Street level data

Street Avg size Avg £/m2 Recent sales
Marine Parade West, Clacton-On-Sea, CO15 1L 60m2 £2,176 39
Edith Road, Clacton-On-Sea, CO15 1L 51m2 £1,721 20
Hayes Road, Clacton-On-Sea, CO15 1T 104m2 £1,808 20
Crown Road, Clacton-On-Sea, CO15 1A 86m2 £3,034 17
Kings Road, Clacton-On-Sea, CO15 1B 123m2 £2,966 14
Queens Road, Clacton-On-Sea, CO15 1A 76m2 £3,863 14
Spinnaker Close, Clacton-On-Sea, CO15 1A 52m2 £2,981 14
West Road, Clacton-On-Sea, CO15 1A 52m2 £2,966 13

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Ellis Road, Clacton-On-Sea, CO15 1F 56m2 £2,190 11

Ellis Road, Clacton-On-Sea, CO15 1F has seen 11 new build sales in the last 4 years (average price £116,875). These new build homes typically have an internal area of 56 m2, with an average price of £2,190 m2. This £sqm average is £-540 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
Flat 19 Imperial Court, Marine Parade West, Clacton-On-Sea £98,000
Feb-2024
49 2,000
1a Lavender Leas, West Rd, Clacton-On-Sea £330,000
Feb-2024
73 4,520
Flat 55 Imperial Court, Marine Parade West, Clacton-On-Sea £95,000
Jan-2024
53 1,792

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

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.