Market Place, Whitwick, Coalville
MA

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 %
from 319,378.00 £
Est sale value
406,455.72 £
Decreased by 5.25 %
from 428,963.04 £
Average area rental value
825.00 £/mo
Decreased by 0.12 %
from 826.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.84 %
Decreased by 8.39 %
from 3.10 %
Crime Rate
44.00 %
Unchanged by 0.00 %
from 44.00 %

Agent Activity

  • Maynard Estates marked this listing as sold.

  • Maynard Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Holy Cross School A Catholic Voluntary AcademyAcademy ConverterGood0.34 KM
Whitwick St John The Baptist Church Of England Primary SchoolVoluntary Controlled SchoolGood0.63 KM
Broom Leys SchoolAcademy ConverterGood2.17 KM
New Swannington Primary SchoolCommunity SchoolGood2.29 KM
Thringstone Sure Start Children'S CentreChildren's Centre2.38 KM

Images

Photo 10-07-2024 16 36 08.jpg Shop Front Shop Front Cloakroom Lounge Kitchen Kitchen Lounge Bedroom Shower Room Lounge/Bedroom Kitchen Kitchen Rear Reception Rear Reception Lounge/Bedroom Shower Room Kitchen Kitchen Shower Room Garden / Parking Garden / Parking

Nearby Streets

NameAverage PriceAverage SqftDistance
King Richard's Hill £ 277,50000.00 KM
George Street £ 000.00 KM
Bryan's Close £ 190,00000.00 KM
Church Lane £ 320,95000.00 KM
Orchard Gardens £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Market Place, Whitwick £ 160,000BUY6 / 100.02 KM
Castle Street, Whitwick, LE67 £ 175,000BUY6 / 100.09 KM
Castle Street, Whitwick, Coalville £ 450,000BUY7 / 100.09 KM
Castle Street, Whitwick, Coalville, Leicestershire, LE67 £ 170,000BUY6 / 100.12 KM
Hall Lane, Whitwick £ 375,000BUY7 / 100.15 KM

Nearby Properties

AddressPriceDistance
3 Vicarage Street £ 125,0000.06 KM
5 Vicarage Street £ 80,0000.06 KM
7 Vicarage Street £ 110,0000.06 KM
1 Vicarage Street £ 127,5000.06 KM
4a Vicarage Street £ 146,0000.06 KM