# 2 bedroom bungalow for sale (CO14 8RE) ## Property Details | Key | Value | |-----|-------| | Address | 45 WADE REACH, WALTON ON THE NAZE, WALTON ON THE NAZE, ESSEX CO14 8RE | | Price | £185,000 | | Bedrooms | 2 | | Last sold | £183,500 Feb 2007 | ## Description Located in a popular residential area this two bedroom detached bungalow benefits from double glazed conservatory, gas heating, established gardens to front and rear (the rear garden being southerly facing) and garage. The property is presented in good decorative order and an internal inspection is recommended. Entrance Hall Lounge/Dining Room Fitted Kitchen Double Glazed Conservatory Two Bedrooms Bathroom Separate WC Gas Heating Majority Double Glazing Southerly Facing Rear Garden Garage Good Decorative Order Viewing Advised ## Property Photos - ![Picture No.01](/listings/photos/5318859/420529) - Picture No.01 - ![Kitchen](/listings/photos/5318859/420537) - Kitchen - ![Lounge](/listings/photos/5318859/420538) - Lounge - ![Garden](/listings/photos/5318859/420539) - Garden - ![Rear](/listings/photos/5318859/420540) - Rear ## Floorplans - ![Floorplan](/listings/photos/5318859/420541) - Floorplan ## FENSA Certificates This property has 1 FENSA certificate(s) on record. ### FENSA Certificate #14629875 - **Address:** 45 Wade Reach, WALTON ON THE NAZE, CO14 8RE - **Certificate Issued:** 13/06/2021 - **Work Completed:** 04/05/2021 - **Items:** 2 window(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 45 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £183,500 | 16/02/2007 | 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 | | 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 | | 31 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £268,000 | 16/04/2024 | Detached | | 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 | | 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 | | 53 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £325,000 | 11/07/2022 | Detached | | 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 | | 25 WADE REACH, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8RE | £330,000 | 12/11/2021 | Detached | | 99 CLAYS ROAD, WALTON ON THE NAZE, TENDRING, ESSEX, CO14 8SD | £290,000 | 25/10/2021 | Detached | **Area average:** £292,500 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £344,571 (14 Detached, CO14, 2024–2026) - **Deviation:** -46.3% ## 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:** 0.62% (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:** 7.5% - **Cost-to-rent:** 13.4× - **Monthly cashflow:** £281/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 6.3% *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:** -5% - **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)