Market Place, Whitwick, Coalville
By Maynard Estates
£ 185,000
Reviews
2 out of 5 stars
Maynard Estates says ..
Maynard Estates are pleased to offer to the market this FANTASTIC INVESTMENT OPPORTUNITY in the heart of Whitwick Village. The FREEHOLD PROPERTY offered for sale combines THREE SELF-CONTAINED FLATS ALONG WITH A COMMERCIAL SHOP front which offers an amazing potential rental return. The property wo...
Property Oracle says ..
This property in Whitwick, Leicestershire, presents a unique opportunity as a mixed-use investment. The building combines three self-contained flats and a commercial shop unit, offering potential rental income. However, the property is in need of substantial renovation. The exterior of the building shows signs of age and disrepair, while the interior images show areas that require modernization and refurbishment. The kitchens and bathrooms appear dated, and certain rooms display uneven finishes. While the inclusion of three flats and a shop increases the potential return on investment, the significant capital expenditure needed to bring the property to a rentable standard must be weighed against the asking price. The location in Whitwick is beneficial, with good schools in close proximity. The village setting, while offering a quieter environment, might also affect the potential rental market compared to larger urban locations. The absence of detailed information on parking and transport links is a point worth considering for potential buyers. The lack of substantial land also decreases the property’s overall appeal and potential for development. Ultimately, a prospective buyer should approach this investment with a keen understanding of the substantial renovation work required before assessing its financial viability and potential rental yield.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 2
- Bedrooms
- 4
- Bathrooms
- 4
- Sqft (est)
- 1,323.96
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
- 348,750.00 £Increased by 9.20 %
- Est sale value
- 406,455.72 £Decreased by 5.25 %
- Average area rental value
- 825.00 £/moDecreased by 0.12 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 2.84 %Decreased by 8.39 %
- Crime Rate
- 44.00 %Unchanged by 0.00 %
Agent Activity
Maynard Estates marked this listing as sold.
Maynard Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Holy Cross School A Catholic Voluntary Academy | Academy Converter | Good | 0.34 KM |
| Whitwick St John The Baptist Church Of England Primary School | Voluntary Controlled School | Good | 0.63 KM |
| Broom Leys School | Academy Converter | Good | 2.17 KM |
| New Swannington Primary School | Community School | Good | 2.29 KM |
| Thringstone Sure Start Children'S Centre | Children's Centre | 2.38 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| King Richard's Hill | £ 277,500 | 0 | 0.00 KM |
| George Street | £ 0 | 0 | 0.00 KM |
| Bryan's Close | £ 190,000 | 0 | 0.00 KM |
| Church Lane | £ 320,950 | 0 | 0.00 KM |
| Orchard Gardens | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Market Place, Whitwick | £ 160,000 | BUY | 6 / 10 | 0.02 KM |
| Castle Street, Whitwick, LE67 | £ 175,000 | BUY | 6 / 10 | 0.09 KM |
| Castle Street, Whitwick, Coalville | £ 450,000 | BUY | 7 / 10 | 0.09 KM |
| Castle Street, Whitwick, Coalville, Leicestershire, LE67 | £ 170,000 | BUY | 6 / 10 | 0.12 KM |
| Hall Lane, Whitwick | £ 375,000 | BUY | 7 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 3 Vicarage Street | £ 125,000 | 0.06 KM |
| 5 Vicarage Street | £ 80,000 | 0.06 KM |
| 7 Vicarage Street | £ 110,000 | 0.06 KM |
| 1 Vicarage Street | £ 127,500 | 0.06 KM |
| 4a Vicarage Street | £ 146,000 | 0.06 KM |