Progression Property says ..
A WONDERFUL MODERN HOME, OR A READY MADE INVESTMENT COURTESY OF THIS BEAUTIFUL MODERN APARTMENT WHICH IS IDEALLY SUITED TO THE CONTRACTOR OR HOLIDAY LET MARKET. THIS HAS A STRONG HISTORY OF BEING LET & IS UNLIKELY TO REQUIRE ANY LARGE SCALE MAINTENANCE OR UPGRADING DUE TO THEIR MODERN NATURE.
Property Oracle says ..
This property, located on Zetland Road in Loftus, North Yorkshire, is a 12-bedroom property listed for £700,000. The listing mentions the property is suitable for contractors or holiday lets, suggesting its intended use. The available photos showcase a modern interior, with rooms that are clean, well-lit, and seem to be in good repair. The kitchen and bathroom are modern, featuring contemporary fixtures and fittings. However, significant information is missing to make a thorough assessment. The property’s total square footage and plot size are not given. The lack of these measurements makes it challenging to determine the actual value, especially given that the list price is five times higher than similar nearby apartments. Further, the absence of information on external features is a significant limitation. Nearby properties’ prices show a lower average cost. Considering its location in Loftus, a small town with limited amenities, the asking price seems particularly high when compared to similar apartments in the area. The available information doesn’t show any obvious flaws. However, the substantial price discrepancy with nearby listings warrants caution and further investigation before making a buying decision. A thorough survey and valuation by a qualified professional are recommended.
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
- 4
- Condition
- 7
- Location
- 5
- Land
- 1
- Bedrooms
- 12
- Bathrooms
- 0
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
- 184,988.00 £Decreased by 6.95 %
- Average area rental value
- 981.00 £/moIncreased by 20.37 %
- Est rental Yield
- 6.36 %Increased by 29.27 %
- Crime Rate
- 78.00 %Unchanged by 0.00 %
Agent Activity
Progression Property created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| East Cleveland Surestart Children'S Centre | Children's Centre | 0.20 KM | |
| Hummersea Primary School | Community School | Outstanding | 0.48 KM |
| Saint Joseph'S Catholic Primary School, A Catholic Voluntary Academy | Academy Converter | Outstanding | 0.60 KM |
| Whitecliffe Academy | Academy Converter | Good | 2.11 KM |
| Old Farm School | Other Independent School | Good | 3.80 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ash Grove | £ 0 | 0 | 0.00 KM |
| Park Terrace | £ 86,000 | 0 | 0.00 KM |
| South View | £ 0 | 0 | 0.00 KM |
| Hillcrest Drive | £ 0 | 0 | 0.00 KM |
| Arlington Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Saltburn | 7951 | SLB | 9.88 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Zetland Road | £ 130,000 | BUY | 5 / 10 | 0.01 KM |
| Zetland Road | £ 130,000 | BUY | 5 / 10 | 0.02 KM |
| Zetland Road | £ 100,000 | BUY | 6 / 10 | 0.02 KM |
| Zetland Road | £ 130,000 | BUY | 5 / 10 | 0.02 KM |
| Zetland Road, TS13 | £ 22,000 | BUY | 5 / 10 | 0.03 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 24 Zetland Road | £ 74,000 | 0.03 KM |
| 17 Zetland Road | £ 66,000 | 0.03 KM |
| 20 Zetland Road | £ 125,000 | 0.03 KM |
| 33 Zetland Road | £ 45,000 | 0.03 KM |
| 21 Zetland Road | £ 59,950 | 0.03 KM |