Trafalgar House, 55 Fourth Avenue, Frinton on Sea - CO13 9DY

Guide Price: £20,000

Beds: No data
Type: Commercial
Tenure: Freehold

Property Details

Auction House Essex & Kent describes this property as:

A FREEHOLD INVESTMENT FOR A PRESTIGOUS BLOCK OF 5 FLATS SOLD ON LONG LEASES IN A HIGHLY DESIRABLE AREA. The freehold of the property only, the 5 flats sold on leases of 125 years from January 2007 currently producing £1,150 per annum with rent increases set at every 25 years. The uplift will be an extra £150 per flat at the first 25 year interval with £200 uplift on each subsequent 25 year interva...

Auction Details

Auctioneer:
Auction House Essex & Kent
Auction date:
- 20 Jul 2022
Venue:

For viewings, biddings or more information:

Go to the Auction House Essex & Kent Website

Local Market Data

See Local Market Data

Have an account? Sign in

We are unable to find enough local data to provide good comparisons for this type of property. The data we are providing covers there average for -all- properties

Average sold price:

£633,025

Average asking price:

£240,993

Average price per sq/ft:

£331
Date Price Beds Address Distance (miles)
08 Dec 2021 £575,000 37, Queens Road, CO13 9BL 0.20
30 Sep 2021 £685,000 54, Second Avenue, CO13 9LX 0.12
17 Sep 2021 £760,000 5 51, Third Avenue, CO13 9EF 0.14
16 Sep 2021 £283,000 99, Old Road, CO13 9BX 0.17
19 Aug 2021 £635,000 Walnut Tree Cottage, 50, Third Avenue, CO13 9EE 0.07
30 Jun 2021 £309,995 2 111, Old Road, CO13 9BX 0.19
30 Jun 2021 £429,000 16, Harold Road, CO13 9BE 0.21
28 Jun 2021 £475,000 4 48, Old Road, CO13 9BZ 0.06
25 Jun 2021 £995,000 5 59, Second Avenue, CO13 9LY 0.13
17 Jun 2021 £750,000 5 72, Third Avenue, CO13 9EE 0.07
28 May 2021 £930,000 7 65, Second Avenue, CO13 9LY 0.12
28 May 2021 £710,000 6 9, Harold Grove, CO13 9BD 0.19
07 May 2021 £1,250,000 6 69, Second Avenue, CO13 9LY 0.12
01 Apr 2021 £1,250,000 5 80, Second Avenue, CO13 9LX 0.11
22 Mar 2021 £440,000 3 58b, Old Road, CO13 9BZ 0.09
08 Mar 2021 £600,250 Orchard Cottage, 28, Fourth Avenue, CO13 9DX 0.10
04 Mar 2021 £442,000 38, Old Road, CO13 9BZ 0.08
05 Feb 2021 £565,000 5 1, Holland Road, CO13 9DH 0.17
12 Jan 2021 £575,000 4 64, Third Avenue, CO13 9EE 0.05
12 Jan 2021 £930,000 6 27, Fourth Avenue, CO13 9DU 0.19

We are unable to find enough local data to provide good comparisons for this type of property. The data we are providing covers there average for -all- properties

Average weekly rental: £244

Average yield: 5.3%

Weekly Rent Bedrooms Property Type distance (miles)
£173 2 flat 0.11
£170 detached_house 0.22
£231 2 flat 0.25
£230 1 flat 0.25
£438 3 flat 0.32
£208 3 flat 0.32
£190 2 flat 0.59
£183 2 flat 1.01
£196 2 semi-detached_house 1.12
£692 6 detached_house 1.35
£312 3 detached_house 1.40
£231 2 detached_house 1.42
£208 2 semi-detached_house 1.53
£317 4 detached_house 1.62
£323 3 detached_house 1.73
£196 2 terraced_house 1.87
£121 1 detached_house 2.48
£312 3 semi-detached_house 2.55
£323 4 detached_house 2.55
£369 3 detached_house 2.62