Centurion Property says ..

Property Oracle says ..

The property is a two-bedroom terraced house located in Lucius Crescent, Colchester, Essex. It benefits from being close to several primary schools, including The Gilberd School (Outstanding Ofsted rating) and Brinkley Grove Primary School (Good Ofsted rating), both within a kilometer. Colchester town centre and train station are also within reasonable commuting distance, approximately 3.5km to Colchester station.

The property itself appears to be in good condition based on the provided images. The interior is presented well, and there are no obvious signs of significant repair or renovation needs. The kitchen and bathroom appear modern and functional. The garden is a reasonable size for a terraced property, providing additional outdoor space.

Considering the average price per square foot in the area is £322, and the property is 507.16 sqft, a rough estimate of value would be around £163,300. However, the list price is £285,000. While nearby properties on Lucius Crescent have sold for between £151,000 and £365,000, the average price in the area is £319,444. The list price is therefore relatively higher than the estimated value based on average price per sqft, but within the range of prices for comparable properties on Lucius Crescent. The higher list price might be justified by the property’s relatively good condition and proximity to well-regarded schools. More information on the size of comparable properties would be needed to provide a more precise price analysis.

Based on the provided information, the property is located in a convenient area with good access to schools and transport links. It is presented well and appears to be in good condition. The list price is higher than the estimated value based on average price per sqft, but comparable to other properties in the immediate vicinity.

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

Images