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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
- Requires refurbishment
Description
This top-floor two-bedroom apartment in Clacton-on-Sea is a refurbishment opportunity for investors seeking a competitively priced asset with strong rental potential. With a projected rental income of £700 per month, the property offers a gross yield of approximately 17% PAX, making it an attractive option for those targeting strong returns. The apartment features a roof terrace and allocated parking space, and its convenient location provides easy access to the town centre, seafront, shops, and public transport. With consistent rental demand in the area, the property represents a compelling buy-to-let opportunity or portfolio addition, combining immediate income potential with longer-term value prospects. However, due to the absence of an active management company and the mixed-use nature of the block, the property is only available to cash buyers.