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Astley Road, Clacton-On-Sea CO15

East of England

£210,000
Listed on 18/07/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
902 sqft

Description

This three-bedroom property presents an excellent opportunity for those looking to invest or reimagine a space to their liking. Located conveniently close to the town centre, it offers easy access to local amenities, schools, and transport links, making it a practical choice for families and commuters alike. The layout includes two reception rooms that provide versatility for living and dining arrangements. With some modernization needed, the home allows for the new owner to personalize and enhance its potential. Each bedroom offers adequate space, with room for creative redesigns that could significantly increase both comfort and value. The property is being sold with no onward chain, streamlining the purchasing process for interested buyers. The garden at the rear faces East, perfect for enjoying morning sunlight, while offering additional outdoor space that can be transformed into a private retreat or entertainment area. This home is not just a residence; it’s an opportunity to invest in a property that can grow in value through careful renovations. The possibility of updating fixtures and finishes presents a chance to add your personal touch while increasing overall appeal in a sought-after location. Whether you’re looking to create your dream home or build equity over time, this property is worth considering.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -13.5% below area average per sq ft

-13.5%
Potential saving
This Property
£233/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£243
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£21,000 - £52,500
10-25% of property value
Target Value
£267,150
10% above area average per sq ft
Potential ROI
+1.8%
After renovation
Monthly Sales
38
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -0.1%
5 year growth: 17.5%
Investment Disclaimer: Analysis based on CO15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Astley Road, Clacton-On-Sea CO15
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