What is it like buying a house in Clacton-on-Sea?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ What is it like buying a house in Clacton-on-Sea?

Clacton-on-Sea might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Essex.
Before looking for a house for sale in the city of Clacton-on-Sea we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Clacton-on-Sea.

What kind of demographics does the city of Clacton-on-Sea have?

What salary does the community in Clacton-on-Sea take home?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (9%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Clacton-on-Sea, this works out to be £32,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Clacton-on-Sea within Essex is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Clacton-on-Sea will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Clacton-on-Sea.

For the city of Clacton-on-Sea, what is the education level?

In the city of Clacton-on-Sea, 11% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Clacton-on-Sea is £32,200.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In the city of Clacton-on-Sea, how much green space remains for residents?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Clacton-on-Sea, 13.2 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Clacton-on-Sea.

What’s a social grade score and how does it relate to Clacton-on-Sea?

In the city of Clacton-on-Sea and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Clacton-on-Sea has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 9%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

Have the people of Clacton-on-Sea grown in numbers?

Population growth in Clacton-on-Sea is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Clacton-on-Sea, 43,475 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Clacton-on-Sea in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Clacton-on-Sea, this change has been 4%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Clacton-on-Sea?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Clacton-on-Sea.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In Clacton-on-Sea, what is the crime rate?

The crime rate of Clacton-on-Sea must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 180, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (180) is both useful and is recommended to be compared to the average.

Are the people of Clacton-on-Sea deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 39% for Clacton-on-Sea should give you a nice idea of the deprivation in the area.

What is the asking price on average of houses for sale in Clacton-on-Sea?

In the city of Clacton-on-Sea, what is the average asking price for the houses for sale?

Average asking price (1 bed) £109,456
Average asking price (2 bed) £229,223
Average asking price (3 bed) £304,945
Average asking price (4 bed) £392,363
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Clacton-on-Sea, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.

On average, in Clacton-on-Sea, the asking price for a house for sale in the area is £268,989.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Clacton-on-Sea. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

In Clacton-on-Sea, what do houses for sale tend to sell for?

For the city of Clacton-on-Sea, the average price a house sells for is £213,207. This value usually depends on the exact location of the house within Clacton-on-Sea as well as other factors like the population growth in Clacton-on-Sea which is 6% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £256,407
Aerage sold price (semi-detached) £205,690
Aerage sold price (terraced) £174,872
Aerage sold price (flat) £124,055

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Clacton-on-Sea.

Housing category Sale price per square foot
Aerage sold price/sqft £2,530
Aerage sold price/sqft (new build) £3,670
Aerage sold price/sqft (old stock) £2,420

Generalising the bottom table, the average value per square foot of a house for sale is £2,530. This value averages all of the types of houses for sale in Clacton-on-Sea. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Clacton-on-Sea.

In Clacton-on-Sea, what are the rental yields?

In Clacton-on-Sea, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Clacton-on-Sea that shows the growth in recent years.

1 year 3 years 5 years
Clacton-on-Sea growth rate 4% 17% 22%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Clacton-on-Sea is important.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Clacton-on-Sea, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Essex, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Clacton-on-Sea 3.9% £872 140% 16.0%
Essex 3.51% £1,237 125.97% 17.61%
East of England 3.49% £1,148 126.76% 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Clacton-on-Sea you might be interested in the number of sales per month (52) that happen in the local housing market. Comparing this figure for Clacton-on-Sea with the above table gives you a good understanding of the profitability of the area.

Who can help you buy a house for sale in Clacton-on-Sea?

House for sale in the same UK region

Below are a list of towns with a similar location to Clacton-on-Sea.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale that is right for you

Many criteria impact the price of houses for sale in Clacton-on-Sea.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.