140, NEW WAY, POINT CLEAR BAY, CLACTON-ON-SEA, CO16 8LU - £120,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

140 NEW WAY is a small detached house of 49m², built sometime between 1950 and 1966, which could now be worth an estimated £144,018. It was last sold for £120,000 in October 2019, which was around 62% below the average October 2019 detached price in the Tendring local authority area. The most recent EPC inspection was June 2010, where the current energy rating was F, and the potential energy rating was F.

140 NEW WAY Sold Prices

Land registry data shows two sales for 140 NEW WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tendring local authority area for the corresponding sale date. Both of the two 140 NEW WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 16 OCT	£120,000	£315,453	62% below HPI
2011 12 MAY	£72,000	£213,391	66% below HPI

140 NEW WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The two 140 NEW WAY sales from May 2011 and October 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2011 sale was for 66% below the HPI. So the extrapolation line tracks at 66% below the HPI over time, until the October 2019 sale, where it rises to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might 140 NEW WAY be worth now?

140 NEW WAY might now be worth an estimated £144,018.

This is based on house price inflation of 20%, between October 2019 and February 2025, for detached houses, in the Tendring local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20% inflationary increase is applied to the most recent sale price for 140 NEW WAY of £120,000 on 16th October 2019. For the value to have increased from £120,000 to £144,018 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 140 NEW WAY has moved in line with the HPI for detached houses in the Tendring local authority area.
• The October 2019 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 140 NEW WAY has not materially changed since October 2019.

How Large is 140 NEW WAY?

140 NEW WAY is 49m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses houses in Point Clear, based on EPC data. The below chart shows the distribution of detached houses houses by size in Point Clear, and where 140 NEW WAY lies on this distribution: 27% of detached houses houses are smaller than 140 NEW WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Point Clear.

140 NEW WAY: Plot and Title Map

140 NEW WAY sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 140 NEW WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 140 NEW WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 140 NEW WAY?

140 NEW WAY is located in POINT CLEAR BAY, in the CO16 postcode district. The below map shows the position of No. 140 on NEW WAY.