Chapel Lane, Elmstead, Colchester, CO7
MI

Chapel Lane, Elmstead, Colchester, CO7

By Michaels Property Consultants Ltd

£ 375,000

Reviews

3 out of 5 stars

Michaels Property Consultants Ltd says ..

Offering incredible potential is this older style detached chalet property sitting in a generous plot with large rear garden and space to each side. Nestled in an non estate position in the popular village of Elmstead just east of Colchester this charming property offers highlights to include ...

Property Oracle says ..

This three-bedroom detached chalet bungalow in Elmstead, Essex, is presented for sale at £375,000. The property benefits from a large garden, offering considerable outdoor space. The interior, however, requires modernising. The kitchen and bathrooms display dated fittings and decor, and the carpets and wall coverings are noticeably worn. The property’s condition needs to be considered as it will likely necessitate extensive renovation and updating by a prospective buyer.

The location in Elmstead is positive, offering a balance of village life and proximity to the amenities of Colchester. Good primary schools are within walking distance. While not within Colchester itself, railway stations are accessible, providing links to larger towns and cities.

Overall, this property presents a good opportunity for buyers who are looking for a project. The value lies in the property’s size, the large garden, and its relatively desirable location. However, the necessary modernisation works must be factored into any purchasing decision. It would be advisable to obtain a professional survey to assess the extent of any necessary repairs or upgrades before making an offer.

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

Price
7
Condition
4
Location
7
Land
8
Bedrooms
3
Bathrooms
1
Sqft (est)
1,350.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
350,323.00 £
Decreased by 1.18 %
from 354,508.00 £
Est sale value
581,850.00 £
Increased by 20.73 %
from 481,950.00 £
Average area rental value
1,334.00 £/mo
Decreased by 2.49 %
from 1,368.00 £/mo
Est letting value
1,350.00 £/mo
Unchanged by 0.00 %
from 1,350.00 £/mo
Est rental Yield
4.57 %
Decreased by 1.30 %
from 4.63 %
Crime Rate
126.00 %
Unchanged by 0.00 %
from 126.00 %

Agent Activity

  • Michaels Property Consultants Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Market Field SchoolAcademy Special ConverterGood0.24 KM
Elmstead Primary SchoolFoundation SchoolGood0.78 KM
Alresford Primary SchoolCommunity SchoolGood3.46 KM
St George'S Church Of England Primary School, Great BromleyVoluntary Controlled SchoolGood3.73 KM
Millfields Primary SchoolFoundation SchoolOutstanding3.74 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Glebe Close £ 275,00000.00 KM
Norfolk Grove £ 000.00 KM
Pavilion View £ 575,00000.00 KM
Boundary End £ 515,00000.00 KM
Tye Green £ 450,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Alresford (Essex)6847ALR3.04 KM
Wivenhoe6860WIV5.24 KM
Hythe (Essex)6851HYH7.64 KM
Great Bentley6855GRB8.27 KM
Manningtree6856MNG9.27 KM

Nearby Listings

AddressPriceTypeScoreDistance
Chapel Lane, Elmstead, Colchester, CO7 £ 375,000BUY6 / 100.00 KM
Chapel Lane, Elmstead £ 300,000BUY7 / 100.01 KM
Clacton Road, Elmstead, Colchester, CO7 £ 325,000BUY7 / 100.09 KM
Elmstead, Colchester, Essex, CO7 £ 500,000BUY7 / 100.12 KM
Old School Lane, Elmstead, Colchester £ 240,000BUYUnknown0.23 KM

Nearby Properties

AddressPriceDistance
Toodyay £ 230,0000.01 KM
Sunnydene £ 495,0000.01 KM
Garden Cottage £ 390,0000.01 KM
Old Wheelwrights £ 465,0000.01 KM
Brybrook £ 297,0000.01 KM