Market Street, Harwich, CO12
By Temme English
£ 335,000
Reviews
2 out of 5 stars
Temme English says ..
DEVELOPMENT OPPORTUNITY! 21, 20, 20B Market Street. A five bedroom multi use home with land offering permission for 8 flats
Property Oracle says ..
This property on Market Street, Harwich, presents a unique investment opportunity, but one that demands careful evaluation. The building is a multi-story property requiring extensive renovation. While the listing suggests potential for development into eight flats, the existing structure shows signs of significant age and disrepair. The provided images reveal exposed beams, original features, and some decorative elements that could be restored, potentially adding value if the buyer chooses that route. The location in Harwich is relatively convenient, with access to transportation, local shops, and several schools nearby. However, the necessity for a substantial renovation project represents a significant financial commitment and risk. Potential buyers should factor in the extensive costs associated with bringing the property up to modern standards, including structural repairs, plumbing, electrical work, and interior finishes. The price point should be analyzed against these anticipated costs to accurately assess its viability as an investment. The small outdoor space currently appears overgrown. Overall, the property is appealing to buyers seeking a substantial restoration project with potential for a high return, however it is also a high risk and high financial investment.
Therefore, we give this property 5 / 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
- 3
- Bedrooms
- 4
- Bathrooms
- 4
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Metrics Year-on-Year
- Average area value
- 350,323.00 £Decreased by 1.18 %
- Average area rental value
- 1,334.00 £/moDecreased by 2.49 %
- Est rental Yield
- 4.57 %Decreased by 1.30 %
- Crime Rate
- 92.00 %Unchanged by 0.00 %
Agent Activity
Temme English created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Harwich Community Primary School And Nursery | Community School | Good | 0.71 KM |
| Ten8/A Harwich Town Family Hub Delivery Site | Children's Centre Linked Site | 1.28 KM | |
| The Mayflower Primary School | Community School | Requires improvement | 2.13 KM |
| St Joseph'S Catholic Primary School | Academy Converter | 2.81 KM | |
| Harwich And Dovercourt High School | Academy Sponsor Led | Good | 3.41 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| White Hart Lane | £ 0 | 0 | 0.00 KM |
| Barrack Lane | £ 453,332 | 0 | 0.00 KM |
| Station Lane | £ 475,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Harwich Town | 6905 | HWC | 0.29 KM |
| Dovercourt | 6901 | DVC | 1.16 KM |
| Harwich International | 6902 | HPQ | 3.57 KM |
| Trimley | 7225 | TRM | 4.87 KM |
| Felixstowe | 7214 | FLX | 7.33 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Market Street, Harwich, CO12 | £ 335,000 | BUY | 5 / 10 | 0.00 KM |
| Kings Head Street, Harwich, Essex, CO12 | £ 130,000 | BUY | 5 / 10 | 0.03 KM |
| Market Street,, Harwich | £ 300,000 | BUY | 4 / 10 | 0.04 KM |
| Market Street, Harwich, Essex, CO12 | £ 300,000 | BUY | 5 / 10 | 0.04 KM |
| Market Street, Harwich | £ 300,000 | BUY | 5 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Kings Head Street | £ 102,000 | 0.03 KM |
| 7 Kings Head Street | £ 130,000 | 0.03 KM |
| 16 Market Street | £ 102,000 | 0.04 KM |
| 12 Market Street | £ 212,500 | 0.06 KM |
| 9 Market Street | £ 148,000 | 0.06 KM |