10, LAKE WAY, JAYWICK, CLACTON-ON-SEA, CO15 2JA - £45,000

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.

10 LAKE WAY is a midsized extended detached house of 54m², built sometime between 1950 and 1966, which could now be worth an estimated £54,909. It was last sold for £45,000 in May 2017, which was around 85% below the average May 2017 detached price in the Tendring local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

10 LAKE WAY Sold Prices

Land registry data shows two sales for 10 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 10 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
2017 24 MAY	£45,000	£302,255	85% below HPI
2016 22 NOV	£72,500	£280,872	74% below HPI

10 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 10 LAKE WAY sales from November 2016 and May 2017 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 November 2016 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the May 2017 sale, where it falls to 85% below the HPI. The line then continues to track at 85% below the HPI.

What might 10 LAKE WAY be worth now?

10 LAKE WAY might now be worth an estimated £54,909.

This is based on house price inflation of 22%, between May 2017 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 22% inflationary increase is applied to the most recent sale price for 10 LAKE WAY of £45,000 on 24th May 2017. For the value to have increased from £45,000 to £54,909 over the nine years to May 2026, the following assumptions must hold true:

• The value of 10 LAKE WAY has moved in line with the HPI for detached houses in the Tendring local authority area.
• The May 2017 sale price of £45,000 represented a fair market value for the property.
• The size, condition, and specification of 10 LAKE WAY has not materially changed since May 2017.

How Large is 10 LAKE WAY?

10 LAKE WAY is 54m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% 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 10 LAKE WAY lies on this distribution: 46% of detached houses houses are smaller than 10 LAKE WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Jaywick.

10 LAKE WAY: Plot and Title Map

10 LAKE WAY sits on a plot of roughly 0.026 of an acre, or 104m². The below map shows the location of 10 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 10 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 10 LAKE WAY?

10 LAKE WAY is located in JAYWICK, in the CO15 postcode district. The below map shows the position of No. 10 on LAKE WAY.