Michaels Property Consultants Ltd says ..

Property Oracle says ..

This three-bedroom, two-bathroom detached house located on Ernest Road, Wivenhoe, Colchester, is presented to the market at £400,000. The property benefits from a convenient location in a sought-after area of Wivenhoe with a range of nearby amenities, including schools (Broomgrove Infant and Junior Schools rated ‘Good’, and Millfields Primary School rated ‘Outstanding’) and a train station offering connections to London Liverpool Street. The house is in good structural condition and appears clean and well-maintained. The interior, however, features dated decor and furnishings. It appears to require modernisation, to appeal to buyers seeking a move-in ready property. The kitchen and bathrooms are functional, but not modern or sleek. The property has a garden that looks relatively modest in size. It includes a patio area and some established planting; however, it shows some potential for improvement. Given the location and the need for renovations, the asking price seems relatively fair for the area, but not exceptionally low. The lack of precise square footage data for nearby comparable properties makes a precise assessment of the value more difficult, but based on this property’s features and the nearby property pricing this seems in line with the current market. A potential buyer should factor in the cost of modernising the property and factor this in when considering 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. *

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