# 2 bedroom detached bungalow for sale (CO14 8RE)

## Property Details

| Key | Value |
|-----|-------|
| Address | 40 WADE REACH, WALTON ON THE NAZE, ESSEX CO14 8RE |
| Price | £265,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £265,000 Apr 2019 |

## Description

** SOLD BEFORE HITTING THE INTERNET ** Being offered with NO ONWARD CHAIN and offering STUNNING VIEWS over the 'Backwaters', Sheen's Estate Agents have the pleasure in bringing to market this TWO DOUBLE BEDROOM DETACHED BUNGALOW. The property is located in in the popular town of Walton-on-the-Naze and is within one and quarter mile of the Walton's Town Centre, Seafront and Mainline Railway Station with links to London Liverpool Street.  It is in the valuers opinion that an internal inspection is highly recommended to fully appreciate the accommodation and views on offer.

**D Details - Not Yet Approved** - DRAFT DETAILS - NOT YET APPROVED BY VENDOR

**Accomm Comprises With** - Accommodation comprises with approximate room sizes:-

Obscured sealed unit double glazed entrance door to:

**Porch** - Obscured sealed unit double glazed window to side and front aspect. Door to:

**Hallway** - Built in storage cupboard housing wall mounted combination boiler providing heating and hot water throughout (n/t). Loft access. Radiator. Doors to:

**Kitchen** - Fitted with a range of beach effect fronted units. Marble effect rolled edge work surfaces. Inset stainless steel bowl sink drainer unit with mixer taps. Inset four ring 'Neff' electric hob. Fitted extractor fan. Built in eye level double oven. Integrated fridge/freezer and dish washer (all appliances not tested). Further selection of matching units at both eye and floor level. Fully tiled walls. Fitted breakfast bar. Radiator. Sealed unit double glazed window to front. Sealed unit double glazed window to side. Sealed unit double glazed door to side.

**Bedroom One** - Built in his and her wardrobes with over head storage. Radiator. Sealed unit double glazed bay window to front.

**Bedroom Two** - 3.71m x 2.77m (12'2" x 9'1") - Radiator. Sealed unit double glazed window to conservatory.

**Bathroom** - White suite comprising of low level W/C. Pedestal wash hand basin. Panelled bath with integrated shower. Fully tiled walls. Tiled flooring. Fitted extractor fan (n/t). Radiator. Obscured sealed unit double glazed window to side.

**Lounge** - 5.36m x 3.56m (17'7" x 11'8") - Two Radiators. Sealed unit double glazed patio doors to:

**Conservatory** - 5.99m max (19'8" max) - Part brick base. Ploy-carbonated roof. Radiator. Sealed unit double glazed windows to rear and side aspect. Sealed unit double glazed patio door to side.

**Outside - Front** - Part laid to lawn. Part shingled. Array of bushes. Hard standing area providing off street parking leading to garage with an up and over door.. Access to rear via side.

**Outside - Rear** - 80' Approx. Paved patio area. Remainder laid to lawn. Array of bushes. 'Backwater' views.

**Money Laundering Disclaimer** - MONEY LAUNDERING REGULATIONS 2003 - Prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property in order for us to comply with current Legislation.

**Disclaimer - Wide Angle Lens Etc.** - These particulars do not constitute part of an offer or contract.  They should not be relied on as statement of fact and interested parties must verify their accuracy personally.  All internal photographs are taken with a wide angle lens, therefore before arranging a viewing, room sizes should be taken into consideration.

## Property Photos

- ![IMG_7890.JPG](/listings/photos/69316432/420445) - IMG_7890.JPG
- ![View Backwater.jpg](/listings/photos/69316432/420448) - View Backwater.jpg

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #8197080
- **Address:** 40 Wade Reach, WALTON ON THE NAZE, CO14 8RE
- **Certificate Issued:** 01/06/2011
- **Work Completed:** 12/04/2011
- **Items:** 5 window(s), 1 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 40 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £265,000 | 29/04/2019 | Detached |
| 40 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £150,000 | 14/03/2011 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 18 GOULDINGS AVENUE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QL | £235,000 | 16/12/2025 | Detached |
| 16 THORNS WAY, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SB | £305,000 | 21/11/2025 | Detached |
| [Same street] 46 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £300,000 | 15/09/2025 | Semi-detached |
| 2 BURNHAM CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SX | £259,000 | 27/08/2025 | Detached |
| 2 HUBBARDS CHASE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SG | £280,000 | 03/06/2025 | Detached |
| 2 HUBBARDS CHASE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SG | £280,000 | 03/06/2025 | Detached |
| 15 THORNS WAY, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SB | £275,000 | 20/03/2025 | Detached |
| [Same street] 31 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £268,000 | 16/04/2024 | Detached |
| [Same street] 28 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £275,000 | 02/03/2023 | Detached |
| 105 CLAYS ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SD | £450,000 | 09/12/2022 | Detached |
| 10 CLAYS ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SA | £210,000 | 23/11/2022 | Detached |
| [Same street] 57 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £365,000 | 16/11/2022 | Detached |
| 8 BRIAN BISHOP CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QH | £260,000 | 19/08/2022 | Detached |
| 4 BURNHAM CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SX | £290,000 | 08/08/2022 | Detached |
| [Same street] 53 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £325,000 | 11/07/2022 | Detached |
| [Same street] 32 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £285,000 | 01/07/2022 | Terraced |
| 12 GOULDINGS AVENUE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QL | £290,000 | 30/06/2022 | Detached |
| 12 GOULDINGS AVENUE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QL | £290,000 | 30/06/2022 | Detached |
| 24 THORNS WAY, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SB | £278,000 | 08/12/2021 | Detached |
| 73 CLAYS ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SD | £295,000 | 23/11/2021 | Detached |
| [Same street] 25 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £330,000 | 12/11/2021 | Detached |
| [Same street] 35 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £172,500 | 01/11/2021 | Semi-detached |
| [Same street] 36 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £259,995 | 26/10/2021 | Semi-detached |
| 99 CLAYS ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SD | £290,000 | 25/10/2021 | Detached |
| [Same street] 42 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £340,000 | 10/09/2021 | Detached |
| 4 BRIAN BISHOP CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QH | £229,000 | 30/06/2021 | Detached |
| 97 KIRBY ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RB | £583,308 | 29/06/2021 | Detached |
| 20 BRIAN BISHOP CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QH | £280,000 | 29/06/2021 | Detached |
| 3 LOWES CHASE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SQ | £285,000 | 28/06/2021 | Detached |
| 14 THE RIDGE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RF | £345,000 | 28/06/2021 | Detached |

**Street average:** £292,050 (10 sales)
**Area average:** £300,465 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £344,571 (14 Detached, CO14, 2024–2026)
- **Deviation:** -23.1%

## Rental Range

*ONS Price Index of Private Rents (Tendring). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £945/mo
- **Realistic:** £1,050/mo
- **Optimistic:** £1,155/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Colchester (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £793/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Seaview Court, CO14 | £1,100/mo | 2 | 0.62 miles | OpenRent |
| 2 Bed Flat, Eastcliff House, CO14 | £1,200/mo | 2 | 0.91 miles | OpenRent |

**Average rent: £1,150/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.43% (weak for cashflow)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,150/mo).*

- **Gross yield:** 5.2%
- **Cost-to-rent:** 19.2×
- **Monthly cashflow:** £-34/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 3.8%
- **10y growth:** 67.7%

## House Price Index (HM Land Registry)

*Official index for Tendring; Detached series; as of March 2026.*

- **1y growth (index):** -2%
- **5y growth (index):** 10.8%
- **10y growth (index):** 40.1%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)