Blake & Thickbroom says ..

Property Oracle says ..

This four-bedroom flat is located in Arcade Mansions on Station Road, Clacton-on-Sea. The property is being sold with a tenant in situ, offering a rental income of £800 per month. While the location is convenient due to its proximity to Clacton-on-Sea train station and local amenities, the flat itself is situated on the second floor and has no outdoor space. Based on the provided images, the property appears to be in fair condition, though some minor renovations or updates might enhance its appeal. The list price of £137,000 is significantly lower than the average price for the area (£340,786). However, this is likely due to the property being a flat rather than a house and its relatively small size (710 sqft). The lack of plot size and the fact that it is a flat are significant factors in the lower price. The average price per square foot in the area is £380, while this property is listed at a much lower price per sqft, if the sqft is accurate. Considering the average rental income, this could be a reasonable investment opportunity for a buyer looking for rental income.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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