1, LAKE WAY, JAYWICK, CLACTON-ON-SEA, CO15 2JA - £38,000

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.

1 LAKE WAY is a very small extended detached house of 27m², built sometime between 1930 and 1949, which could now be worth an estimated £50,883. It was last sold for £38,000 in September 2016, which was around 86% below the average September 2016 detached price in the Tendring local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was A.

1 LAKE WAY Sold Prices

Land registry data shows two sales for 1 LAKE 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 1 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
2016 8 SEP	£38,000	£275,432	86% below HPI
2015 12 FEB	£30,000	£240,151	88% below HPI

1 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 two 1 LAKE WAY sales from February 2015 and September 2016 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 February 2015 sale was for 88% below the HPI. So the extrapolation line tracks at 88% below the HPI over time, until the September 2016 sale, where it rises to 86% below the HPI. The line then continues to track at 86% below the HPI.

What might 1 LAKE WAY be worth now?

1 LAKE WAY might now be worth an estimated £50,883.

This is based on house price inflation of 33.9%, between September 2016 and May 2026, 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 33.9% inflationary increase is applied to the most recent sale price for 1 LAKE WAY of £38,000 on 8th September 2016. For the value to have increased from £38,000 to £50,883 over the ten years and four months to May 2026, the following assumptions must hold true:

• The value of 1 LAKE WAY has moved in line with the HPI for detached houses in the Tendring local authority area.
• The September 2016 sale price of £38,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LAKE WAY has not materially changed since September 2016.

How Large is 1 LAKE WAY?

1 LAKE WAY is 27m², which includes two extensions, according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses houses in Jaywick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Jaywick, and where 1 LAKE WAY lies on this distribution: 2% of detached houses houses are smaller than 1 LAKE WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Jaywick.

1 LAKE WAY: Plot and Title Map

1 LAKE WAY sits on a plot of roughly 0.023 of an acre, or 92m². The below map shows the location of 1 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 1 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 1 LAKE WAY?

1 LAKE WAY is located in JAYWICK, in the CO15 postcode district. The below map shows the position of No. 1 on LAKE WAY.