5, LAKE WAY, JAYWICK, CLACTON-ON-SEA, CO15 2JA - £80,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 LAKE WAY is a very small extended detached house of 31m², built sometime between 1930 and 1949. It was last sold for £80,000 in March 2022, which was around 77% below the average March 2022 detached price in the Tendring local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was B.

5 LAKE WAY Sold Prices

Land registry data shows four sales for 5 LAKE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tendring local authority area for the corresponding sale date. All of the four 5 LAKE 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
2022 25 MAR	£80,000	£348,358	77% below HPI
2013 3 DEC	£60,000	£209,809	71% below HPI
2007 9 MAR	£66,000	£217,272	70% below HPI
2004 23 AUG	£25,000	£200,209	88% below HPI

5 LAKE 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 four 5 LAKE WAY sales between August 2004 and March 2022 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 2013 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the March 2022 sale, where it falls to 77% below the HPI. The line then continues to track at 77% below the HPI.

How Large is 5 LAKE WAY?

5 LAKE WAY is 31m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of detached houses in Jaywick, based on EPC data. The below chart shows the distribution of detached houses by size in Jaywick, and where 5 LAKE WAY lies on this distribution: 5% of detached houses are smaller than 5 LAKE WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Jaywick.

5 LAKE WAY: Plot and Title Map

5 LAKE WAY sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 5 LAKE 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 5 LAKE 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 5 LAKE WAY?

5 LAKE WAY is located in JAYWICK, in the CO15 postcode district. The below map shows the position of No. 5 on LAKE WAY.