Upcoming Auctions Auction House Essex & Kent 2022-07-20 Lot 7 of 19

48 High Street, Sheerness - ME12 1NL

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Guide Price: £250,000

Beds: 2
Type: Commercial
Tenure: Freehold

Property Details

Auction House Essex & Kent describes this property as:

A FREEHOLD COMMERCIAL INVESTMENT COMPRISING OF A RETAIL UNIT AND A TWO BEDROOM MAISONETTE PRODUCING £17,700 PER ANNUM THUS DELVERING A YIELD OF 7% IF PURCHASED AT GUIDEA Freehold Investment opportunity in the heart of sheerness high street, comprising of a retail shop let to a national charity and a two bedroom maisonette above, both rented and producing a combined income of £1,475 per calendar mo...

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

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The following data is based on a Freehold 2 bedroom Commercial. This data is derived and aggregated from public sources and to be used as a guide not an authority. Please let us know if you spot any anomalies.

Average sold price:

£159,000

Average asking price:

£200,500

Average price per sq/ft:

£183
Date Price Address Distance (miles)
27 Jan 2022 £120,000 10, Charles Street, ME12 1TA 0.43
15 Dec 2021 £178,000 74, Alma Street, ME12 2AZ 0.57
07 Dec 2021 £183,000 143, Berridge Road, ME12 2AF 0.30
01 Dec 2021 £126,000 11, Clyde Street, ME12 2QF 0.43
26 Nov 2021 £124,000 1, Sheppey Street, ME12 1TE 0.44
03 Sep 2021 £180,000 70, Alma Road, ME12 2PB 0.26
03 Aug 2021 £150,000 107, Alma Street, ME12 2AY 0.61
21 Jul 2021 £160,000 182, Invicta Road, ME12 2SU 0.33
14 Jun 2021 £165,000 47, James Street, ME12 2QE 0.50
09 Jun 2021 £155,000 37, Berridge Road, ME12 2AD 0.34
04 Jun 2021 £169,000 141, Berridge Road, ME12 2AF 0.30
30 Apr 2021 £165,000 48, Cecil Avenue, ME12 1DX 0.46
23 Apr 2021 £151,000 11, East Lane, ME12 1TQ 0.40
01 Apr 2021 £150,000 31, High Street, Blue Town, ME12 1RN 0.42
26 Mar 2021 £145,000 72, Unity Street, ME12 2PS 0.51
26 Mar 2021 £217,000 5, Nursery Close, ME12 2QT 0.57
05 Mar 2021 £225,000 137, Queens Way, ME12 1LJ 0.93
03 Feb 2021 £155,000 59, Alexandra Road, ME12 2AS 0.40
01 Feb 2021 £165,000 76, Granville Road, ME12 1QP 0.22
08 Jan 2021 £155,000 41, Richmond Street, ME12 2QA 0.54

The following data is based on a Freehold 2 bedroom Commercial. This data is derived and aggregated from public sources and to be used as a guide not an authority. Please let us know if you spot any anomalies.

Average weekly rental: £209

Average yield: 5.4%

Weekly Rent Bedrooms Property Type distance (miles)
£208 2 flat 0.01
£196 2 terraced_house 0.06
£208 2 flat 0.18
£242 2 flat 0.22
£183 2 flat 0.22
£185 2 flat 0.28
£196 2 flat 0.28
£219 2 terraced_house 0.29
£208 2 terraced_house 0.41
£202 2 terraced_house 0.48
£207 2 terraced_house 0.49
£185 2 terraced_house 0.54
£90 2 detached_house 1.01
£196 2 flat 2.12
£219 2 terraced_house 4.11
£277 2 semi-detached_house 4.41
£230 2 flat 4.83
£225 2 flat 5.30
£265 2 flat 6.26
£230 2 flat 6.27