THE PARADE
Breakdown
£399k
Purchase price
£1.10m
Development costs
£1.49m
Total project costs
£2.45m
GDV
Completion
Once completed, this permitted development project will contain ten two-bed luxury apartments.
Walton-on-the-Naze
The Parade
Prime development of 10 2-bed luxury apartments with extensive sea views located on the seafront in Walton-on-the-Naze overlooking Walton Pier and the RNLI Walton and Frinton Lifeboat Station. The Parade, as well as all the seafront, is in the Walton Conservation Area.
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10 2-bed luxury apartments
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Sea views
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Prime location
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Excellent local amenities
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8 month build time
The town has seen property prices rise by over 136% in the last two decades, and with regeneration funding already secured, the town is set to continue its growth.
Project Gallery
Location
Walton Pier is the 3rd longest pier in the UK and boasts a 5-acre all-weather amusement complex including Bowling Alley, Arcade, Funfair and the usual seaside eateries. The beach is sandy and has been awarded Blue Flag status. A mile or so north of the development is the Naze itself, a nature reserve which is open to the public. It is an unspoilt headland that is designated a Site of Special Scientific Interest.
There is a Greater Anglia Rail station within a few minutes walk from the development with a regular service to London Liverpool Street. Walton town is well served with supermarkets and other High Street shops. There are 2 Primary schools in Walton, with Secondary schools in nearby Frinton and Clacton. There is a GP practice and a Dental surgery both in Walton town, and the nearest Hospital is in Colchester.
"In Essex, searches for properties in popular hotspots such as Saffron Walden and Walton-on-the-Naze nearly doubled in 2020... [proved locations for] excellent long-term investments for homeowners. Essex homeowners who purchased their property in 1995 would have seen a... 406% return on their investment. For those looking to expand their property portfolios and generate income from the booming private rented sector, Hertfordshire and Essex are again good choices, with solid rental yields to be had in both counties."
(Source: Attwaters Jameson Hill).
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