Essex’s cheapest homes which have sold for £60k or less

Essex has always been a popular place to live.

With its coastal towns, London suburbs, and countryside villages, there’s something for everyone.

It’s considered to be one of the more expensive places to live because of its proximity to the capital.

But there are definitely some bargains out there.

Analysing Land Registry data, we looked at the cheapest properties in Essex that have been sold in the past 12 months.

These are properties that you can live in, excluding garages, houseboats or other plots of land sold in Essex.

Those that are cheapest tend to be in areas furthest away from London, in either the Tendring or Colchester districts.

The Brooklands Estate in Jaywick is well known for having some of the cheapest properties in the whole of Essex.

The properties there are mainly made up of converted holiday homes.

But where else is selling at cheap rates?

Here are five streets where properties have sold for £60,000 or less in the past 12 months.

Victoria Road – Clacton-on-Sea

Victoria Road in Clacton-on-Sea
Victoria Road in Clacton-on-Sea
(Image: Google)

Victoria Road is a residential street in Clacton-on-Sea, Essex.

All five of the houses on this list are in the north-east of the county, with four out of the five situated in the district of Tendring.

So it’s clear this is an area to look at if you want a home on a budget.

In and of itself, Victoria Road seems like any other normal road in the town.

It’s situated close to the main seafront, and very close to the town centre itself.

Check property prices in your area by typing your postcode below.

With all these benefits, why did one property sell for so cheap?

In July of this year, a maisonette was sold for just £50,000.

It really seems like a good bargain, considering the average house price for the street itself.

According to Zoopla, the average house price here is £232,546.

Panton Cresent – Colchester

Panton Cresent in Colchester
Panton Cresent in Colchester
(Image: Google)

In Colchester, one maisonette sold for just £50,000.

Panton Cresent is a small road, consisting of one line of terraced homes, with a selection of flats and maisonettes too.

It’s situated off of Buckingham Drive, which acts as the stem for a number of small roads like Panton Cresent.

The road isn’t far from Hythe train station, in the area of Wanstead.

It’s close to a number or churches, a library, a doctor’s surgery and a large green space.

This road’s average house price is more than three times the £50,000 one lucky person spent.

But it’s the lowest average house price of any road on this list.

According to Zoopla, the average house price here is £165,864.

High Street – Walton-on-the-Naze

High Street in Walton-on-the-Naze
High Street in Walton-on-the-Naze
(Image: Google)

High streets aren’t just for shops and restaurants.

Above every shop is usually a flat which can be rented out or sold.

It’s on Walton-on-the-Naze’s high street where our third property sits.

Flat 10 in the Portabello Buildings on the High Street sold for £58,000 in August of this year.

These buildings contain a number of flats above a row of shops on the High Street, including a convenience store, cake shop and community information centre.

It’s still cheaper than most residential properties along the high street.

According to Zoopla, the average house price here is £160,756.

Military Way – Harwich

Military Way in Harwich
Military Way in Harwich
(Image: Google)

On the surface, it seems impossible that such a cheap property could have been on sold on Military Way in Harwich, Essex.

The road is full of newly built semi-detached and detached homes.

Houses along roads like these in Essex regularly fetch upwards of £400,000.

But this year, a detached home along this road sold for just £60,000.

Join our WhatsApp messaging service

To receive WhatsApp messages with the main headlines, as well as breaking news alerts, text the word ‘NEWS’ to us via WhatsApp at 07557 893797.

Then add the number to your phone contacts book as ‘Essex Live’.

Note: All requests to join our messaging service MUST be submitted via WhatsApp. Any SMS messages will not be added.

Your phone number won’t be shared with other members of the group.

The above mobile number can’t be used for phone calls.

It is confusing, but the government’s Land Registry does officially record the sale price as £60,000, when it could easily have sold for four times that.

Maybe it was sold to a friend.

According to Zoopla, the average house price here is £300,372.

South Street – Manningtree

South Street in Manningtree
South Street in Manningtree
(Image: Google)

Manningtree is one of the northernmost settlements in Essex, and South Street is at its very centre.

It stems off from the town’s high street, continuing upwards to the Methodist Church which overlooks the road.

It’s quite a steep hill, but has the charge of any crooked winding road.

South Street is close to the water, with the high street situated adjacent from the River Stour.

Being so close to the high street, homes on South Street are near to takeaways, pubs, shops and restaurants.

There are a number of terraced homes, as well as shops along this road.

In June, a maisionette along this road was sold for just £60,000.

With views of water just a road away, it definitely seems like a bargain.

According to Zoopla, the average house price here is £298,983.

Essex Live