Blake & Thickbroom says ..

Property Oracle says ..

This two-bedroom ground floor maisonette in Clacton-on-Sea is listed at £150,000. The property is being sold with a tenant in situ, generating a rental income of £8,700 per annum. While the location benefits from proximity to Clacton town centre, seafront, railway station, and schools (Clacton County High School is 0.29km away and Shorefields School is 0.90km away), the property itself is a maisonette with a small plot size. The average house price in the area is significantly higher at £273,884, and the average price per sqft is £310. The condition of the property appears to be reasonable, though further inspection would be needed for a full assessment. The lack of information regarding the property’s square footage makes a definitive price comparison difficult. However, given the average price per sqft in the area, the listed price may represent good value for an investor seeking rental income. However, for a buyer looking for a larger property, the price may not be as competitive.

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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