Fenn Wright says ..

Property Oracle says ..

This property is a 3 bedroom, 2 bathroom detached house located in Elmstead Market, Colchester. The property is part of a new build development by Lanswood Homes. The location is good, with nearby primary schools rated ‘Good’ or ‘Outstanding’ by Ofsted, and several train stations within a reasonable distance providing links to Colchester and beyond. The development itself appears well-designed and modern. Based on the provided images, the property appears to be in excellent condition. It is modern, well-maintained, and finished to a high standard. There is no visible evidence of wear and tear or the need for renovation. The property includes a private rear garden, visible in the provided images. The size is not specified, but it appears to be of a reasonable size for a new build property of this type. The list price of £425,000 is slightly above the average price for the area (£340,786), but the property is larger than the average (1,075 sq ft vs 896 sq ft) and appears to be of higher quality, justifying a premium. The average price per sq ft in the area is £380, making the price per sq ft for this property approximately £395. This is a reasonable price considering the property’s condition, location, and inclusion of a garden. The nearby comparable properties support this assessment, with prices ranging from £325,000 to £595,000.

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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