William H. Brown says ..

Property Oracle says ..

This property, located on Church Road in Clacton-on-Sea, is listed as a block of six fully let apartments generating an annual income exceeding £50,000. The listing highlights this as an investment opportunity. The exterior of the building appears well maintained and recently renovated, presenting a positive first impression. The property’s proximity to Clacton-on-Sea train station and several schools is a plus, particularly for potential tenants. However, the lack of information on the size of the property (square footage and plot size) and the individual unit details makes a comprehensive analysis difficult. To determine whether £750,000 is a fair price, a thorough assessment of each apartment’s condition, size, and rental value is needed. The current asking price appears high relative to some comparable properties in the immediate area, but the substantial rental income stream may justify this. Further information is critical before a definitive statement on value can be made. The absence of garden space is a point to note, especially if targeting families as potential tenants.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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