Flat 2, 3 Key Road, Clacton-on-Sea
By Blake & Thickbroom
£ 115,000
Reviews
2 out of 5 stars
Blake & Thickbroom says ..
Blake & Thickbroom are pleased to be offering for sale this two bedroom first floor flat being sold with a tenant in situ. The property will be sold with an extended lease, currently producing an annual rental income of £8,100 (7% gross yield) with further potential to produce £9,000 per annum (7...
Property Oracle says ..
This listing is for a two-bedroom first-floor flat located at Flat 2, 3 Key Road, Clacton-on-Sea, Essex. The property is being sold with a tenant in situ, generating a rental income of £8,100 annually, with a potential increase to £9,000. The flat is described as being sold with an extended lease. The property’s location offers proximity to a train station, several schools, and local shopping facilities. The exterior of the building appears to be in reasonable condition, although more information on the property’s interior condition is necessary. The listing’s lack of square footage for the property itself makes determining value per square foot impossible. However, comparing it to other nearby flats, particularly the ground floor flat at the same address, suggests the listed price of £115,000 is competitive within the local market. The presence of a tenant offers a potential investment opportunity. The limited information on the property means the assessment is not conclusive but based on what’s available, the property appears to offer a reasonable balance of location, condition, and price point, but only with respect to the specific local market, not the UK market as a whole.
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
- 2
- Bathrooms
- 1
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
- 350,323.00 £Decreased by 1.18 %
- Average area rental value
- 1,334.00 £/moDecreased by 2.49 %
- Est rental Yield
- 4.57 %Decreased by 1.30 %
- Crime Rate
- 12.00 %Unchanged by 0.00 %
Agent Activity
Blake & Thickbroom created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| White Hall Academy | Academy Sponsor Led | Good | 0.73 KM |
| Alton Park Junior School | Academy Converter | 0.78 KM | |
| Clacton Coastal Academy | Academy Sponsor Led | Requires improvement | 0.79 KM |
| Ten2 St. James' Family Hub Delivery Site | Children's Centre Linked Site | 0.83 KM | |
| Oakwood Infant And Nursery School | Community School | Good | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Saint Martins Close | £ 0 | 0 | 0.00 KM |
| Saint Anns Road | £ 0 | 0 | 0.00 KM |
| Estuary Crescent | £ 0 | 0 | 0.00 KM |
| Olivers Road | £ 0 | 0 | 0.00 KM |
| Rosemary Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Clacton-On-Sea | 6850 | CLT | 0.78 KM |
| Thorpe-Le-Soken | 6857 | TLS | 6.13 KM |
| Weeley | 6859 | WEE | 7.40 KM |
| Kirby Cross | 6862 | KBX | 9.15 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| First Avenue, Canvey Island, Essex | £ 250,000 | BUY | Unknown | 0.02 KM |
| Key Road, Clacton on Sea, CO15 | £ 190,000 | BUY | 7 / 10 | 0.04 KM |
| Mead Court, Herbert Road , CO15 | £ 120,000 | BUY | 5 / 10 | 0.06 KM |
| Priory Road, Clacton-On-Sea | £ 240,000 | BUY | 5 / 10 | 0.11 KM |
| Priory Road, Clacton-on-Sea, CO15 | £ 300,000 | BUY | 5 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 3 Key Road | £ 90,000 | 0.00 KM |
| 7 Key Road | £ 110,000 | 0.00 KM |
| 11 Key Road | £ 147,000 | 0.00 KM |
| 21 Key Road | £ 124,000 | 0.00 KM |
| 14 Key Road | £ 225,500 | 0.00 KM |