INVESTMENT | £37K PA | WSM
By Hollis Morgan Auctions
£ 275,000
Reviews
2 out of 5 stars
Hollis Morgan Auctions says ..
Hollis Morgan – MAY LIVE ONLINE AUCTION - A Freehold HIGH YIELDING INVESTMENT comprising a MIXED USE BLOCK ( 4321 Sq Ft ) producing £37,800 pa | Nightclub / 2 X 3 Bed Flats
Property Oracle says ..
The property is located in Weston-Super-Mare, a central location with nearby transportation and schools. However, the immediate surroundings appear commercial. The property needs significant renovation, as seen in the images. The bathrooms, in particular, require modernization. The plot size is 4,321.71 sqft, but the images don’t clearly show outdoor space. The list price is lower than the average house price in the area, likely reflecting the need for renovation. A detailed cost analysis of renovations is necessary to determine the true value and whether the price is reasonable.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 3
- Bedrooms
- 5
- Bathrooms
- 5
- Sqft (est)
- 1,483.70
- Lot (est)
- 4,321.71
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 216,939.00 £Decreased by 8.62 %
- Est sale value
- 342,734.70 £Decreased by 18.09 %
- Average area rental value
- 1,072.00 £/moIncreased by 22.23 %
- Est letting value
- 1,483.70 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.93 %Increased by 33.86 %
- Crime Rate
- 80.00 %Unchanged by 0.00 %
Agent Activity
Hollis Morgan Auctions created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Walliscote Primary School | Academy Converter | 0.15 KM | |
| Weston Central | Children's Centre | 0.39 KM | |
| Ashbrooke House School | Other Independent School | Good | 0.40 KM |
| Weston College | Further Education | Outstanding | 0.69 KM |
| Christ Church Church Of England Primary School | Academy Converter | 0.72 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Wilcox Place | £ 0 | 0 | 0.00 KM |
| Oxford Place | £ 325,000 | 0 | 0.00 KM |
| Rear Oxford Street | £ 0 | 0 | 0.00 KM |
| St James Street | £ 0 | 0 | 0.00 KM |
| York Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Weston-Super-Mare | 3391 | WSM | 0.67 KM |
| Weston Milton | 3388 | WNM | 3.87 KM |
| Worle | 3390 | WOR | 7.60 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| INVESTMENT | £37K PA | WSM | £ 275,000 | BUY | 5 / 10 | 0.00 KM |
| Oxford Street, Weston-super-Mare, North Somerset, BS23 | £ 600,000 | BUY | 4 / 10 | 0.04 KM |
| Oxford Street, Weston-super-Mare, North Somerset, BS23 | £ 325,000 | BUY | Unknown | 0.07 KM |
| Regent Street, Weston-super-Mare | £ 80,000 | BUY | 4 / 10 | 0.09 KM |
| Alexandra Parade, Weston super Mare | £ 1,100,000 | BUY | 3 / 10 | 0.20 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 51 Oxford Street | £ 160,000 | 0.03 KM |
| 78 Regent Street | £ 250,000 | 0.08 KM |
| 8 Walliscote Road | £ 170,000 | 0.09 KM |
| 7 Alexandra Parade | £ 80,000 | 0.16 KM |
| 12 North Lane | £ 75,000 | 0.18 KM |