Flexi-Agent says ..
***********************AVAILABLE FOR PURCHASE WITH NO ONWARDS CHAIN******************************** A FANTASTIC OPPORTUNITY INVESTMENT WITH A SHOP ON THE GROUND FLOOR AND THREE SEPARATE APARTMENTS ABOVE. EXCELLENT OPPORTUNITY FOR A 11.5% CIRCA YIELD! This property is locate...
Property Oracle says ..
This property in Southport, Merseyside presents a mixed bag of opportunities and challenges. Situated on Scarisbrick Avenue, it benefits from its proximity to Southport’s amenities and transport connections. However, the property itself requires considerable investment to reach a modern standard of living.
The exterior image shows a brick building with a relatively maintained front that suggests character and architectural charm of the building. However, several images indicate an interior that is in need of significant updating and possibly repair. The kitchen and bathrooms present dated fixtures and fittings, carpets are worn in the living areas, and some areas appear to show signs of disrepair, such as peeling paint and exposed pipes. Furthermore, there is a visible lack of external space. This limits the appeal for buyers looking for a garden or outdoor area.
The property includes a ground-floor shop, currently cluttered with items and appears to require considerable work. The basement appears particularly dilapidated with extensive damage to walls and floors. Images show a degree of clutter and general disarray throughout the property. The structural integrity of the basement particularly needs to be investigated before making any decisions on the building.
Overall, the property’s value hinges largely on its redevelopment potential. While the location offers certain advantages, its current state makes it a high-risk high-reward project that would require significant capital and effort to restore. Potential buyers should seek professional surveys to assess the scale of renovation work and structural integrity before making any investment decisions. It is also very important to investigate the business opportunities that could come with the ground floor retail space.
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
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Sqft (est)
- 2,336.85
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
- 337,276.00 £Decreased by 6.99 %
- Est sale value
- 731,434.05 £Increased by 9.06 %
- Average area rental value
- 7,147.00 £/moIncreased by 653.90 %
- Est letting value
- 14,021.10 £/mo
- Est rental Yield
- 25.43 %Increased by 709.87 %
- Crime Rate
- 55.00 %Unchanged by 0.00 %
Agent Activity
Flexi-Agent created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Southport College | Further Education | Good | 1.20 KM |
| Parenting 2000 Children'S Centre | Children's Centre Linked Site | 1.26 KM | |
| Holy Trinity Church Of England Primary School, Southport | Academy Converter | 1.32 KM | |
| Linaker Primary School | Community School | Requires improvement | 1.34 KM |
| Linaker Children'S Centre | Children's Centre | 1.36 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Bank Passage | £ 0 | 0 | 0.00 KM |
| Hodge Street | £ 0 | 0 | 0.00 KM |
| Marine Parade | £ 0 | 0 | 0.00 KM |
| Lord Street | £ 150,000 | 0 | 0.00 KM |
| Albert Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Southport | 2262 | SOP | 0.71 KM |
| Birkdale | 2352 | BDL | 1.70 KM |
| Hillside | 2231 | HIL | 3.40 KM |
| Meols Cop | 2357 | MEC | 3.63 KM |
| Ainsdale | 2350 | ANS | 6.36 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Washington Court, 23 Promenade, Southport, Merseyside, PR8 | £ 260,000 | BUY | 7 / 10 | 0.05 KM |
| Radley Court, Promenade, Southport, PR8 | £ 220,000 | BUY | 6 / 10 | 0.07 KM |
| Promenade, Southport | £ 275,000 | BUY | 5 / 10 | 0.08 KM |
| West End Terrace, Southport, Merseyside, PR8 1QR | £ 275,000 | BUY | 6 / 10 | 0.11 KM |
| Promenade, Southport | £ 215,000 | BUY | 5 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 33 Promenade | £ 250,000 | 0.07 KM |
| 28 Promenade | £ 199,500 | 0.07 KM |
| 32 Promenade | £ 227,000 | 0.07 KM |
| 51 West Street | £ 41,000 | 0.09 KM |
| 45 West Street | £ 157,000 | 0.09 KM |