House prices in CO16 7 (Clacton-On-Sea)

This article reveals price per square metre data and various charts to help you understand current housing market in Clacton-On-Sea (CO16 7).


Defining 'CO16 7'

This analysis is limited to properties whose postcode starts with "CO16 7", 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. 87, Hampstead Avenue, Clacton-On-Sea, sold for £258,000 on Apr-2024. Given the internal area of 74 square metres, the price per sqm is £3,486.

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. £3,350-£3,500, £3,500-£3,650, £3,650-£3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 101 sales in Clacton-On-Sea (CO16 7) 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 (CO16 7). Of the 101 transactions, half were sold for between £3,000 and £4,130 per square metre. The median, or 'middle', price per square metre in 'CO16 7' is £3,490. Notably, only 25% of properties that sold recently were valued at more than £4,130 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.

Property price heatmap for Clacton-On-Sea
House price heatmap for Clacton-On-Sea

Comparison with neighbouring postcode sectors

The table below shows how 'CO16 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
CO16 0 Thorpe Le Soken £3,190 sqm £3,670 sqm £4,410 sqm
CO16 7 Clacton-On-Sea £3,000 sqm £3,490 sqm £4,130 sqm
CO16 9 Little Clacton £3,000 sqm £3,590 sqm £4,290 sqm
CO16 8 St Osyth £2,780 sqm £3,260 sqm £3,820 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 CO16 7 (Clacton-On-Sea) compared with both the wider area CO16 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 CO16 7 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
Saxmundham Way, Clacton-On-Sea, CO16 7P 68 sqm £3,059 14
Camellia Crescent, Clacton-On-Sea, CO16 7E 52 sqm £3,792 14
Battisford Drive, Clacton-On-Sea, CO16 7L 55 sqm £3,468 13
Hampstead Avenue, Clacton-On-Sea, CO16 7H 72 sqm £3,814 12
Salvia Close, Clacton-On-Sea, CO16 7B 64 sqm £2,971 10
Hampstead Avenue, Clacton-On-Sea, CO16 7J 86 sqm £3,269 9
Carters Close, Clacton-On-Sea, CO16 7A 100 sqm £3,004 8
Mason Road, Clacton-On-Sea, CO16 7A 79 sqm £2,099 8

Search for your street here.

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
87, Hampstead Avenue, Clacton-On-Sea £258,000
Apr-2024
74 3,486
35, Rush Green Rd, Clacton-On-Sea £318,000
Mar-2024
89 3,573
15, Felixstowe Close, Clacton-On-Sea £250,000
Mar-2024
59 4,237

See the entire list of all sales in Clacton-On-Sea (CO16 7) here.

About

I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.