Chamberlain Phillips says ..

Property Oracle says ..

The property located at Colchester Road, Lawford, Manningtree, Essex, CO11 2BJ is a 3-bedroom, 1-bathroom semi-detached house with a list price of £275,000. The property is situated in a convenient location with nearby transportation links (Manningtree and Mistley train stations within a reasonable distance) and highly-rated schools (Highfields Primary School and Manningtree High School are both within a short distance and have received outstanding or good Ofsted ratings). The presence of a garden is evident from the provided images, although its size is not specified.

The property’s condition appears to require some modernisation or renovation. The interior images show dated decor, fixtures, and fittings. The kitchen and bathroom, in particular, seem to be in need of updating. This suggests a need for potential investment to bring the property up to a more contemporary standard.

Considering the average house price in the area (£340,786) and the average price per square foot (£380), the list price of £275,000 for this 1,087.16 sq ft property seems relatively reasonable, especially considering its condition. However, nearby comparable properties show a range of prices, with some significantly higher, suggesting that the list price may be at the lower end of the market value for the area, taking into account the condition of the property. The lack of plot size information for the subject property and nearby listings makes a definitive comparison difficult.

Based on the provided information and images, the property presents a good opportunity for a buyer willing to undertake some renovations. The location and proximity to amenities and schools are positive factors. The list price reflects the need for modernisation but remains competitive within the local market.

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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