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 %
- Est sale value
- 246,618.12 £Increased by 23.65 %
- Average area rental value
- 1,032.00 £/moDecreased by 0.77 %
- Est letting value
- 673.82 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.52 %Increased by 6.86 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Abbotts created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| North Primary School And Nursery | Community School | Good | 0.35 KM |
| The Sixth Form College Colchester | Further Education | Good | 0.68 KM |
| St Helena School | Academy Converter | Good | 1.03 KM |
| Colchester Institute | Further Education | Requires improvement | 1.05 KM |
| St John'S Green Primary School | Community School | Good | 1.11 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Albert Street | £ 177,500 | 0 | 0.00 KM |
| Riverside Walk | £ 290,000 | 0 | 0.00 KM |
| Station Way | £ 0 | 0 | 0.00 KM |
| Claremont Heights | £ 0 | 0 | 0.00 KM |
| Angel's Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Colchester | 6861 | COL | 0.75 KM |
| Colchester Town | 6853 | CET | 1.35 KM |
| Hythe (Essex) | 6851 | HYH | 3.51 KM |
| Wivenhoe | 6860 | WIV | 7.83 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mercers Way, Colchester, Essex, CO1 | £ 265,000 | BUY | 6 / 10 | 0.00 KM |
| Mercers Way, Colchester, Essex, CO1 | £ 400,000 | BUY | 7 / 10 | 0.07 KM |
| Kings Head Court, Colchester, CO1 | £ 400,000 | BUY | Unknown | 0.08 KM |
| Margaret Road, Colchester | £ 325,000 | BUY | 7 / 10 | 0.11 KM |
| Albert Street, Colchester, Essex, CO1 | £ 147,500 | BUY | Unknown | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 16 Mercers Way | £ 217,000 | 0.00 KM |
| 25 Mercers Way | £ 142,000 | 0.00 KM |
| 20 Mercers Way | £ 287,000 | 0.00 KM |
| 8 Mercers Way | £ 330,000 | 0.00 KM |
| 26 Mercers Way | £ 265,577 | 0.00 KM |