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Astley Road, Clacton-On-Sea

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 a valuable opportunity for both first-time buyers and investors looking to capitalize on its renovation potential. With two reception rooms, the layout provides ample space for customization and modern living. The home's proximity to the town center offers convenient access to various amenities, making it an appealing choice for those seeking urban conveniences. While the property requires some modernizing, this aspect allows new owners to tailor the space to their tastes and preferences. The entrance hall leads into a comfortable lounge and a separate dining room, offering flexibility in how these spaces can be utilized or updated. The kitchen and bathroom also present opportunities for modernization, adding further value through thoughtful renovations. The bedrooms are generously sized, allowing for easy adaptation in design or functionality. With some creative vision, this home could be transformed into a highly desirable residence. Outside, the property features a rear garden facing east—an ideal setting for morning sun or outdoor entertaining. Additionally, being sold with no onward chain simplifies the acquisition process for potential buyers. With its solid foundation and strategic location, this home stands as an inviting project for those interested in creating a personalized living space while potentially increasing its market value through renovations.

Investment Analysis

(CO15 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£233/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£266,505
10% above area average per sq ft
Potential ROI
+13.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CO15)

Area prices are rising by +2.9% over the last 12 months
3 year growth: -5.1%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on CO15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£769
Based on a loan of £157,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE