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2 bedroom apartment for sale
High Street, Clacton-on-Sea, Essex
£60,000
High Street, Clacton-on-Sea, Essex
£60,000
Our Summary
- For Investment – Situated on the top floor of a mixed-use building, this well-proportioned two-bedroom apartment requires refurbishment and offers an attractive opportunity for investors seeking a competitively priced asset within the Clacton-on-Sea (CO15 1UQ) market
- Ideal for cash purchasers, the property is expected to achieve rental income in the region of £700 per calendar month, providing a gross yield of approximately 17% PAX, making it well suited to those targeting strong returns
- For cash buyers only, due to the absence of an active management company and the mixed-use nature of the block
- Cash buyers only
- FOR SALE BY ONLINE AUCTION
- For sale by online auction
- Requires refurbishment
Description
This two-bedroom apartment on the top floor of a mixed-use building in Clacton-on-Sea is a well-proportioned property that requires refurbishment and offers a competitive investment opportunity. With a roof terrace area and allocated parking space, it's expected to generate rental income of around £700 per month, providing a gross yield of approximately 17% PAX. The location is convenient, with easy access to the town centre, seafront, shops, cafes, and public transport, as well as good road links to major roads. The property is suitable for cash buyers only, due to the absence of an active management company and the mixed-use nature of the block, and represents a compelling buy-to-let opportunity or portfolio addition, combining immediate income potential with longer-term value prospects.