# House prices in CO15 3 (Clacton-On-Sea)

## Defining 'CO15 3'

This analysis is limited to properties whose postcode starts with "CO15 3", 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.

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. 5, St Marys Road, Clacton-On-Sea, sold for £222,500 on Feb-2024. Given the internal area of 79 square metres, the price per sqm is £2,816.

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 233 sales in Clacton-On-Sea (CO15 3) that took place in the last two years.

##### Distribution of £ per sqm for Clacton-On-Sea
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 3). Of the 233 transactions, half were sold for between £2,130 and £2,970 per square metre. The median, or 'middle', price per square metre in 'CO15 3' is £2,510. Notably, only 25% of properties that sold recently were valued at more than £2,970 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 3' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO15 5 Holland-On-Sea £3,260 sqm £3,910 sqm £4,610 sqm
CO15 4 Clacton-On-Sea £3,210 sqm £3,780 sqm £4,280 sqm
CO15 2 Jaywick £1,780 sqm £2,470 sqm £3,270 sqm
CO15 3 Clacton-On-Sea £2,130 sqm £2,510 sqm £2,970 sqm
CO15 6 Clacton-On-Sea £2,360 sqm £2,850 sqm £3,540 sqm
CO15 1 Clacton-On-Sea £2,140 sqm £2,730 sqm £3,440 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 3 (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.

##### Historic price per square metre in Clacton-On-Sea,Clacton-On-Sea
House price trends for Clacton-On-Sea

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.

##### Most recent CO15 3 sales
Recent trends for Clacton-On-Sea

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
Wellesley Road, Clacton-On-Sea, CO15 3P 102 sqm £1,958 29
St Osyth Road, Clacton-On-Sea, CO15 3H 86 sqm £2,284 27
Dudley Road, Clacton-On-Sea, CO15 3D 88 sqm £2,426 19
Warwick Road, Clacton-On-Sea, CO15 3B 73 sqm £2,395 16
Coppins Road, Clacton-On-Sea, CO15 3L 69 sqm £2,337 16
Douglas Road, Clacton-On-Sea, CO15 3J 87 sqm £3,630 15
Tewkesbury Road, Clacton-On-Sea, CO15 3N 90 sqm £2,398 14
Severn Road, Clacton-On-Sea, CO15 3R 89 sqm £2,551 14

## New build activity

Street Avg size Avg £sqm New build sales
Orchard Place, Clacton-On-Sea, CO15 3F 84 sqm £2,408 13

Orchard Place, Clacton-On-Sea, CO15 3F has seen 13 new build sales in the last 4 years (average price £202,599). These new build homes typically have an internal area of 84 sqm, with an average price of £2,408 sqm. This £sqm average is £-102 below the average for CO15 3. New builds typically command a £ per sqm premium. In the case of Orchard Place 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.