Harris + Wood says ..

Property Oracle says ..

This property is a 3-bedroom, 2-bathroom end of terrace house located on Military Road in Colchester, Essex. It’s situated in the New Town And Christ Church locality and is listed for £240,000. The property has a total area of 785 sqft and a plot size of 0 sqft.

The property appears to be in good condition based on the provided images. The interior has been recently updated with a modern kitchen and bathroom. The property benefits from a small, enclosed rear garden.

The location is convenient, with several schools within a reasonable distance and Colchester Town train station approximately 1km away. The average house price in the area is significantly higher (£332,632) than the asking price of this property, suggesting it may represent good value for money, especially considering the recent renovations. However, the average house size in the area (878 sqft) is larger than this property, so a direct comparison is difficult. The lack of plot size information makes it difficult to fully assess the land value.

Considering the property’s condition, location, and apparent value relative to other nearby properties, the price seems reasonable. The relatively low asking price compared to the area average could be attributed to the smaller size of the property and lack of significant land. Further investigation into comparable properties with similar sizes and features would provide a more comprehensive price assessment.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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