Fenn Wright says ..

Property Oracle says ..

The property is a two-bedroom, two-bathroom apartment with a total area of 820 sqft. The list price is £325,000. The average price for properties in the area is £302,231, with an average price per sqft of £288. This particular property has a significantly smaller plot size than the average for the area (0 sqft compared to an average of 1047 sqft). The apartment appears to be in excellent condition, boasting modern fixtures and fittings. The location is also a significant positive. Castle Bailey is situated close to Colchester town centre, offering easy access to local amenities, transport links, and several well-regarded schools. The proximity to Colchester Castle is also a notable feature. However, the lack of a garden or outdoor space is a notable drawback. Considering the property’s condition, location, and the lack of outdoor space, the list price of £325,000 appears to be at the higher end of the market value. While the average price in the area is £302,231, the smaller size of this property and the absence of a garden might justify a slightly lower price. However, the excellent condition and prime location could offset these factors to some extent. More comparative data on similar properties in the immediate vicinity would help to solidify 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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