Screetons says ..
**IDEAL INVESTMENT OPPORTUNITY** This three storey Victorian end terrace property has been converted into three self contained units. Flat A located on the ground floor is a 2 bed flat, Flat B on the first floor is a 1 bed flat and the second floor is a bedsit. All 3 are currently occupied and ge...
Property Oracle says ..
This property is a three-storey Victorian end-terrace house in Goole, East Riding of Yorkshire, currently divided into three self-contained units. The listing advertises it as an ‘ideal investment opportunity’ due to its existing rental occupancy. The photos show the property as needing some updating to reflect modern standards but isn’t in a state of disrepair. There are several key aspects to consider:
- Location: While Goole provides reasonable transport links and access to primary schools, the specific desirability of the Marshfield Road location requires further investigation.
- Condition: The property is habitable and relatively well-maintained, but modernisation is recommended to enhance its value and rental appeal. Cosmetic upgrades and some minor repairs would considerably improve the property’s presentation. The dated kitchen and bathroom fixtures are particularly notable.
- Land: The property appears to have very limited outdoor space, which may limit its appeal to some buyers.
- Price: At £190,000, the price seems competitive considering comparable properties in the area. The profitability as an investment property is strongly dependent on the details of the current rental agreements and the future market for rental units in Goole. This aspect needs considerable clarification before a final assessment of value can be made. The provided data does not specify individual unit sizes which could help in the final assessment of value.
Overall, this property presents an intriguing opportunity, but the buyer should carefully consider the necessary renovations, the actual rental income, and the long-term prospects of the Goole property market. A thorough survey and rental income verification are strongly recommended before committing to a purchase. Additional research into current average prices per sqft in the local area would be beneficial.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 933.67
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Metrics Year-on-Year
- Average area value
- 181,556.00 £Increased by 4.49 %
- Est sale value
- 158,723.90 £Decreased by 14.14 %
- Average area rental value
- 683.00 £/moIncreased by 6.72 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 4.51 %Increased by 2.04 %
- Crime Rate
- 16.00 %Unchanged by 0.00 %
Agent Activity
Screetons created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Sure Start Children'S Centre Goole (Kingsway) | Children's Centre | 0.26 KM | |
| Riverside Special School | Community Special School | Good | 0.32 KM |
| Kingsway Primary School | Community School | Good | 0.36 KM |
| St Joseph'S Catholic Primary School | Academy Converter | 1.15 KM | |
| Sure Start Children'S Centre Goole (Marshlands Old Goole) | Children's Centre | 1.69 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Windermere Drive | £ 0 | 0 | 0.00 KM |
| Sutton Street | £ 0 | 0 | 0.00 KM |
| Mendip Avenue | £ 125,000 | 0 | 0.00 KM |
| East Gate | £ 0 | 0 | 0.00 KM |
| Oakdene | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Goole | 8025 | GOO | 1.36 KM |
| Saltmarshe | 8033 | SAM | 6.08 KM |
| Howden | 8071 | HOW | 6.59 KM |
| Eastrington | 8114 | EGN | 9.90 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Marshfield Road, Goole | £ 190,000 | BUY | 4 / 10 | 0.00 KM |
| Marshfield Road, Goole, East Riding of Yorkshire, DN14 | £ 75,000 | BUY | Unknown | 0.09 KM |
| Salisbury Avenue, Goole, Goole, DN14 | £ 200,000 | BUY | Unknown | 0.10 KM |
| Cecil Street, Goole, East Yorkshire, DN14 | £ 90,000 | BUY | Unknown | 0.12 KM |
| Fountayne Street, Goole | £ 150,000 | BUY | 5 / 10 | 0.16 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 35 Marshfield Road | £ 130,000 | 0.07 KM |
| 64 Marshfield Road | £ 145,000 | 0.07 KM |
| 43 Marshfield Road | £ 87,000 | 0.07 KM |
| 39 Marshfield Road | £ 70,000 | 0.07 KM |
| 74 Marshfield Road | £ 158,000 | 0.07 KM |