47, SECOND AVENUE, WEELEY, CLACTON-ON-SEA, CO16 9HX - £245,000

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.

47 SECOND AVENUE is a very small detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £292,401. It was last sold for £245,000 in August 2020, which was around 23% below the average August 2020 detached price in the Tendring local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

47 SECOND AVENUE Sold Prices

Land registry data shows two sales for 47 SECOND AVENUE 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. One of the two 47 SECOND AVENUE sales was for below the average price, whilst the other was roughly equal to 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
2020 14 AUG	£245,000	£317,219	23% below HPI
1997 16 DEC	£73,950	£73,641	Close to HPI

47 SECOND AVENUE 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 47 SECOND AVENUE sales from December 1997 and August 2020 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 December 1997 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 47 SECOND AVENUE be worth now?

47 SECOND AVENUE might now be worth an estimated £292,401.

This is based on house price inflation of 19.3%, between August 2020 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 19.3% inflationary increase is applied to the most recent sale price for 47 SECOND AVENUE of £245,000 on 14th August 2020. For the value to have increased from £245,000 to £292,401 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 47 SECOND AVENUE has moved in line with the HPI for detached houses in the Tendring local authority area.
• The August 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 47 SECOND AVENUE has not materially changed since August 2020.

How Large is 47 SECOND AVENUE?

47 SECOND AVENUE is 63m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Weeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Weeley, and where 47 SECOND AVENUE lies on this distribution: 9% of detached houses houses are smaller than 47 SECOND AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Weeley.

47 SECOND AVENUE: Plot and Title Map

47 SECOND AVENUE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 47 SECOND AVENUE, 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 47 SECOND AVENUE). 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 47 SECOND AVENUE?

47 SECOND AVENUE is located in WEELEY, in the CO16 postcode district. The below map shows the position of No. 47 on SECOND AVENUE.