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 %
- Average area rental value
- 995.00 £/moIncreased by 59.20 %
- Est rental Yield
- 5.08 %Increased by 46.40 %
- Crime Rate
- 27.00 %Unchanged by 0.00 %
Agent Activity
Progression Property created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Invested Education | Other Independent Special School | 0.30 KM | |
| Marske Surestart Children'S Centre | Children's Centre Linked Site | 0.42 KM | |
| Errington Primary School | Academy Converter | 0.42 KM | |
| Outwood Academy Bydales | Academy Sponsor Led | Outstanding | 0.43 KM |
| Westgarth Primary School | Academy Converter | 0.67 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St Germain's Grove | £ 200,000 | 0 | 0.00 KM |
| Valley Close | £ 0 | 0 | 0.00 KM |
| St Mark's Close | £ 165,000 | 0 | 0.00 KM |
| Church Close | £ 0 | 0 | 0.00 KM |
| Dovecote Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Marske | 7928 | MSK | 0.77 KM |
| Longbeck | 7978 | LGK | 1.38 KM |
| Redcar East | 7974 | RCE | 4.03 KM |
| Saltburn | 7951 | SLB | 5.12 KM |
| Redcar Central | 7950 | RCC | 6.22 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| High Street, Marske-By-The-Sea | £ 600,000 | BUY | 5 / 10 | 0.00 KM |
| High Street, Marske-By-The-Sea, TS11 | £ 300,000 | BUY | Unknown | 0.04 KM |
| High Street, Marske-by-the-Sea | £ 339,950 | BUY | 7 / 10 | 0.04 KM |
| Church Street South, TS11 | £ 116,500 | BUY | 5 / 10 | 0.06 KM |
| Mariners Court, TS11 | £ 150,000 | BUY | 7 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 10 Church Street | £ 98,500 | 0.06 KM |
| 29 Church Street | £ 150,000 | 0.06 KM |
| 15 Church Street | £ 92,500 | 0.06 KM |
| 7 Church Street | £ 85,000 | 0.06 KM |
| 35 Church Street | £ 85,000 | 0.06 KM |