Palmer & Partners says ..

Property Oracle says ..

This property is a two-bedroom apartment located in Colchester city centre. The location is excellent, with easy access to local amenities, shops, restaurants, and transportation links. Colchester Town train station is within walking distance. There are also several schools nearby, including St John’s Green Primary School (rated “Good” by Ofsted) and The Sixth Form College Colchester (also rated “Good”).

Based on the provided photos, the property appears to be in good condition and well-maintained. The kitchen and bathroom are modern, and the bedrooms are presented well. There is no evidence of any major repairs or renovations needed. However, the property does not appear to have a garden or outdoor space, which is a potential drawback for some buyers.

The list price of £170,000 seems reasonable considering the average price per square foot in the area (£288) and the property’s condition and location. The average price for properties in the area is significantly higher (£302,231), suggesting that this property may represent good value for money, especially given its central location. However, the lack of plot size should be considered. Nearby comparable properties on Eld Lane are listed between £124,999 and £180,000, supporting this 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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