Harris + Wood says ..

Property Oracle says ..

The property is located on Cannon Street, Colchester, Essex. It’s a one-bedroom, one-bathroom detached house with a total area of 600 sqft and a plot size of 0 sqft. The list price is £200,000.

The property appears to be in good condition based on the provided images. The kitchen and bathroom have been recently updated and the living areas are well-maintained. There is evidence of a small, manageable garden to the rear of the property.

The average house price in the area is £332,632, significantly higher than the list price of this property. The average price per sqft is £378, suggesting that the property is priced below the average for the area. However, the property is smaller than average (600 sqft vs. 878 sqft average) and lacks the typical plot size associated with detached properties in the area. Therefore, while the price per sqft is lower than average, the smaller size and lack of land may justify the lower overall price.

The location is reasonably convenient, with several schools and transportation options within a reasonable distance. The proximity to Colchester Town and other transport links is a positive factor.

Considering the condition, location, and size of the property, and comparing it to similar properties in the area, the list price of £200,000 appears to be reasonable, if not slightly below market value. The smaller size and lack of land are offset by the good condition and convenient location.

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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