High Street, Marske-By-The-Sea
PR

High Street, Marske-By-The-Sea

By Progression Property

£ 600,000

Reviews

2 out of 5 stars

Progression Property says ..

A LUCRATIVE INVESTMENT PROPOSITION SET WITHIN THIS POPULAR SEASIDE TOWN OF MARSKE, WITH INSTANT RETURNS FOR ANY INCOMING INVESTOR DUE TO LEASES THAT ARE ALREADY IN PLACE. A COMBINED INCOME OF £9,617 GROSS PER CALENDAR MONTH VIA THE FOUR APARTMENTS. TWO OF THE APARTMENTS ARE SUBJECT TO A...

Property Oracle says ..

This property in Marske-by-the-Sea is presented as a lucrative investment opportunity. Its location on High Street offers proximity to local amenities, transport links, and schools, enhancing its appeal as a rental property. The interior appears modern, well-maintained, and tastefully decorated, suggesting a recent refurbishment or new build. The photos showcase well-appointed living spaces, bedrooms, and bathrooms. However, the lack of information regarding the property’s overall square footage and plot size makes an accurate assessment of its true value challenging. The absence of this data creates uncertainty about whether the £600,000 list price represents good value, especially considering the limited external space. While the investment potential is highlighted by the existing leases generating a substantial monthly income, the overall quality of the building, any potential maintenance issues, and the long-term viability of the rental market should be investigated fully before a purchase. Further investigation into local property values and current market conditions in Marske-by-the-Sea is recommended before concluding on the property’s value and suitability.

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
8
Location
7
Land
2
Bedrooms
8
Bathrooms
8

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
235,264.00 £
Increased by 8.80 %
from 216,238.00 £
Average area rental value
995.00 £/mo
Increased by 59.20 %
from 625.00 £/mo
Est rental Yield
5.08 %
Increased by 46.40 %
from 3.47 %
Crime Rate
27.00 %
Unchanged by 0.00 %
from 27.00 %

Agent Activity

  • Progression Property created the listing.

Nearby Schools

NameTypeOfstedDistance
Invested EducationOther Independent Special School0.30 KM
Marske Surestart Children'S CentreChildren's Centre Linked Site0.42 KM
Errington Primary SchoolAcademy Converter0.42 KM
Outwood Academy BydalesAcademy Sponsor LedOutstanding0.43 KM
Westgarth Primary SchoolAcademy Converter0.67 KM

Images

4 10 3 1 5 6 7 9 11 2 8 12

Nearby Streets

NameAverage PriceAverage SqftDistance
St Germain's Grove £ 200,00000.00 KM
Valley Close £ 000.00 KM
St Mark's Close £ 165,00000.00 KM
Church Close £ 000.00 KM
Dovecote Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Marske7928MSK0.77 KM
Longbeck7978LGK1.38 KM
Redcar East7974RCE4.03 KM
Saltburn7951SLB5.12 KM
Redcar Central7950RCC6.22 KM

Nearby Listings

AddressPriceTypeScoreDistance
High Street, Marske-By-The-Sea £ 600,000BUY5 / 100.00 KM
High Street, Marske-By-The-Sea, TS11 £ 300,000BUYUnknown0.04 KM
High Street, Marske-by-the-Sea £ 339,950BUY7 / 100.04 KM
Church Street South, TS11 £ 116,500BUY5 / 100.06 KM
Mariners Court, TS11 £ 150,000BUY7 / 100.07 KM

Nearby Properties

AddressPriceDistance
10 Church Street £ 98,5000.06 KM
29 Church Street £ 150,0000.06 KM
15 Church Street £ 92,5000.06 KM
7 Church Street £ 85,0000.06 KM
35 Church Street £ 85,0000.06 KM