Strutt & Parker says ..

Property Oracle says ..

Priory Road, Tiptree, Colchester, Essex is an equestrian facility listed at £2,700,000. The property boasts 5 bedrooms and 5 bathrooms, spanning 11,655 sqft on a plot of the same size. The location in Tiptree, Essex benefits from relatively close proximity to several primary schools, including Baynards Primary School and St Luke’s Church of England Controlled Primary School, both rated ‘Good’ by Ofsted. Train stations at Kelvedon and Witham are within a reasonable commuting distance, offering links to Colchester and beyond. The area’s average house price is significantly lower than the listing price, suggesting a premium for the property’s unique features. Based on the images, the property appears to be in excellent condition, with modern fixtures and fittings throughout. The extensive grounds include substantial outbuildings suitable for equestrian use, and a large garden. The property is presented to a high standard, and the internal finishes are contemporary. Given the size, condition, and unique features of the property (including the extensive grounds and equestrian facilities), the list price of £2,700,000, while high compared to the local average, may be justifiable. The average price per sqft in the area is £356, while this property’s price per sqft is significantly lower. However, the inclusion of the equestrian facilities and the substantial land area significantly impacts the overall value. The lack of comparable properties in the immediate vicinity makes a precise price comparison difficult.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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