Market Street, Harwich, CO12
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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

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
350,323.00 £
Decreased by 1.18 %
from 354,508.00 £
Average area rental value
1,334.00 £/mo
Decreased by 2.49 %
from 1,368.00 £/mo
Est rental Yield
4.57 %
Decreased by 1.30 %
from 4.63 %
Crime Rate
92.00 %
Unchanged by 0.00 %
from 92.00 %

Agent Activity

  • Temme English created the listing.

Nearby Schools

NameTypeOfstedDistance
Harwich Community Primary School And NurseryCommunity SchoolGood0.71 KM
Ten8/A Harwich Town Family Hub Delivery SiteChildren's Centre Linked Site1.28 KM
The Mayflower Primary SchoolCommunity SchoolRequires improvement2.13 KM
St Joseph'S Catholic Primary SchoolAcademy Converter2.81 KM
Harwich And Dovercourt High SchoolAcademy Sponsor LedGood3.41 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
White Hart Lane £ 000.00 KM
Barrack Lane £ 453,33200.00 KM
Station Lane £ 475,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Harwich Town6905HWC0.29 KM
Dovercourt6901DVC1.16 KM
Harwich International6902HPQ3.57 KM
Trimley7225TRM4.87 KM
Felixstowe7214FLX7.33 KM

Nearby Listings

AddressPriceTypeScoreDistance
Market Street, Harwich, CO12 £ 335,000BUY5 / 100.00 KM
Kings Head Street, Harwich, Essex, CO12 £ 130,000BUY5 / 100.03 KM
Market Street,, Harwich £ 300,000BUY4 / 100.04 KM
Market Street, Harwich, Essex, CO12 £ 300,000BUY5 / 100.04 KM
Market Street, Harwich £ 300,000BUY5 / 100.04 KM

Nearby Properties

AddressPriceDistance
9 Kings Head Street £ 102,0000.03 KM
7 Kings Head Street £ 130,0000.03 KM
16 Market Street £ 102,0000.04 KM
12 Market Street £ 212,5000.06 KM
9 Market Street £ 148,0000.06 KM