Mercers Way, Colchester, Essex, CO1
AB

Mercers Way, Colchester, Essex, CO1

By Abbotts

£ 265,000

Reviews

3 out of 5 stars

Abbotts says ..

Perfectly located two bedroom end terrace property occupying and corner plot position, equidistant to both Colchester town centre and the mainline station. Internally the property is comprised of a living room to the front and kitchen / breakfast room overlooking the extensive rear gar...

Property Oracle says ..

This two-bedroom, end-of-terrace property in Colchester, Essex, presents a mixed bag. Its location is advantageous, offering proximity to Colchester town centre, mainline railway station, and well-regarded schools. The transport links are strong with a nearby train station providing links to London. However, further information about the immediate neighbourhood would strengthen this aspect of the assessment.

The property’s condition is average; it appears habitable but shows signs of needing modernisation, particularly in the kitchen and bathroom. The garden offers additional outdoor space but could benefit significantly from landscaping. The garden seems adequately sized but requires improvement.

The property’s asking price of £265,000 seems fairly priced compared to similar properties in the area, taking into consideration the condition, size, and location. However, without precise comparable square footage data, this assessment remains somewhat speculative. A detailed survey would be needed to accurately assess any hidden defects, and a detailed cost analysis of the necessary modernization and landscaping work would provide more accurate costing. Overall, the property presents a reasonable opportunity for buyers looking for a home in a convenient location, but they should budget for renovations and potential maintenance.

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

Price
7
Condition
6
Location
7
Land
5
Bedrooms
2
Bathrooms
1
Sqft (est)
673.82

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
273,747.00 £
Decreased by 7.23 %
from 295,097.00 £
Est sale value
246,618.12 £
Increased by 23.65 %
from 199,450.72 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
673.82 £/mo
Unchanged by 0.00 %
from 673.82 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Abbotts created the listing.

Nearby Schools

NameTypeOfstedDistance
North Primary School And NurseryCommunity SchoolGood0.35 KM
The Sixth Form College ColchesterFurther EducationGood0.68 KM
St Helena SchoolAcademy ConverterGood1.03 KM
Colchester InstituteFurther EducationRequires improvement1.05 KM
St John'S Green Primary SchoolCommunity SchoolGood1.11 KM

Images

PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY

Nearby Streets

NameAverage PriceAverage SqftDistance
Albert Street £ 177,50000.00 KM
Riverside Walk £ 290,00000.00 KM
Station Way £ 000.00 KM
Claremont Heights £ 000.00 KM
Angel's Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Colchester6861COL0.75 KM
Colchester Town6853CET1.35 KM
Hythe (Essex)6851HYH3.51 KM
Wivenhoe6860WIV7.83 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mercers Way, Colchester, Essex, CO1 £ 265,000BUY6 / 100.00 KM
Mercers Way, Colchester, Essex, CO1 £ 400,000BUY7 / 100.07 KM
Kings Head Court, Colchester, CO1 £ 400,000BUYUnknown0.08 KM
Margaret Road, Colchester £ 325,000BUY7 / 100.11 KM
Albert Street, Colchester, Essex, CO1 £ 147,500BUYUnknown0.12 KM

Nearby Properties

AddressPriceDistance
16 Mercers Way £ 217,0000.00 KM
25 Mercers Way £ 142,0000.00 KM
20 Mercers Way £ 287,0000.00 KM
8 Mercers Way £ 330,0000.00 KM
26 Mercers Way £ 265,5770.00 KM