Auction House says ..

Property Oracle says ..

This 4-bedroom apartment located at 7-9 Marine Parade, Saltburn-by-the-Sea, is a property with significant potential but also considerable need for renovation. The property is part of a historic building in a desirable coastal location. The listing highlights its unique character and potential for development. However, the provided photographs reveal the interior’s dated condition. Flooring, wallpaper, and some fixtures appear worn and would need replacing. The kitchen and bathrooms, while functional, need updating. The lack of plot size is a factor to consider, particularly given the focus on nearby properties. Although average prices and sizes for properties on nearby streets are unavailable, comparable properties on Marine Parade appear more expensive, suggesting that the £210,000 price reflects both the location and required renovation costs. Prospective buyers should factor in substantial renovation budgets when assessing value. The property is being sold via modern auction method, which means that the final selling price may be higher or lower than the asking price. Buyers should be aware of the risks and benefits associated with this type of sale process. Additional information regarding the building’s freehold and the apartment’s specific layout (square footage) would provide a more comprehensive assessment. Overall, this is an interesting property for those prepared to undertake a substantial renovation project in a prime coastal setting.

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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