Stoneridge Estates says ..

Property Oracle says ..

This property in Clacton-on-Sea offers a mixed-use investment opportunity, comprising a ground floor commercial unit and a two-bedroom flat above. The retail space is currently operational as a cobbler’s shop and presents a relatively tidy appearance in the provided imagery. However, the upper-level residential area, shown in the images, appears to require significant renovation or modernisation. The property’s location in Clacton-on-Sea near the pier and with relatively good transport links is a positive. However, the lack of information about the property’s dimensions and the absence of a garden are notable limitations. The list price of £150,000 appears moderately reasonable, given its condition and location, but a buyer must factor in the costs of renovation works on the upper level. The nearby property pricing data also indicates a range in local values, with some notably higher priced properties, highlighting potential for increased value depending on renovations. Further due diligence, including a full property survey, is strongly advised before any purchase commitment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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