# 2 bedroom bungalow for sale (CO14 8RE) ## Property Details | Key | Value | |-----|-------| | Address | 47 WADE REACH, WALTON ON THE NAZE, ESSEX CO14 8RE | | Price | £190,000 | | Bedrooms | 2 | | Last sold | £181,000 Feb 2013 | ## Description *** LOCATED IN A CUL-DE-SAC POSITION WITHIN A POPULAR RESIDENTIAL LOCATION WE ARE PLEASED TO OFFER THIS TWO BEDROOM DETACHED BUNGALOW BENEFITTING FROM CONSERVATORY, SOUTH FACING REAR GARDEN, GARAGE AND OFFERED WITH NO ONWARD CHAIN *** Entrance Hall Lounge Fitted Kitchen Conservatory Bedroom One Bedroom Two Bathroom Gas Heating Double Glazing Garage No Onward Chain Viewing Advised ## Property Photos - ![Picture No.02](/listings/photos/36168841/446223) - Picture No.02 - ![Picture No.03](/listings/photos/36168841/446224) - Picture No.03 - ![Picture No.04](/listings/photos/36168841/446225) - Picture No.04 - ![Picture No.05](/listings/photos/36168841/446226) - Picture No.05 - ![Picture No.06](/listings/photos/36168841/446227) - Picture No.06 - ![Picture No.10](/listings/photos/36168841/446228) - Picture No.10 - ![Picture No.07](/listings/photos/36168841/446229) - Picture No.07 - ![Picture No.08](/listings/photos/36168841/446230) - Picture No.08 - ![EPC](/listings/photos/36168841/446231) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 47 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £181,000 | 15/02/2013 | 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 | | 20 BRIAN BISHOP CLOSE, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8QH | £280,000 | 29/06/2021 | Detached | | 97 KIRBY ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RB | £583,308 | 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:** -44.9% ## 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 | 0.61 miles | OpenRent | | 2 Bed Flat, Eastcliff House, CO14 | £1,200/mo | 2 | 0.92 miles | OpenRent | **Average rent: £1,150/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.61% (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:** 7.3% - **Cost-to-rent:** 13.8× - **Monthly cashflow:** £262/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 5.7% *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:** -2.9% - **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)