55 Victor Road, Colchester, CO1 2LX
MC

55 Victor Road, Colchester, CO1 2LX

By McHugh & Co

£ 90,000

Reviews

2 out of 5 stars

McHugh & Co says ..

LOT 86 **FOR SALE BY ONLINE AUCTION** on 11th February 2025 Freehold House Vacant Possession

Property Oracle says ..

This property at 55 Victor Road, Colchester, is a two-bedroom house that requires complete renovation. The external appearance suggests a typical terraced house in a residential area, while interior photos reveal stripped walls, exposed ceiling beams, and generally poor condition. The small garden needs attention. The location is positive, with schools and rail transport within a reasonable distance. However, without more recent local property pricing data, it’s challenging to definitively ascertain how well-priced the property is, relative to the market. Potential buyers should factor in a substantial budget for refurbishment and understand the risks associated with purchasing a property in this condition. Buyers considering this property should undertake thorough surveys and obtain detailed cost estimates for the renovation project before making an offer. The listing price reflects the property’s ‘as-is’ state and the need for significant investment. A buyer’s ultimate assessment of its value will significantly depend on their skillset, time and budget for renovation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
3
Bedrooms
2
Bathrooms
0
Sqft (est)
645.00

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
425,000.00 £
Increased by 45.32 %
from 292,455.00 £
Est sale value
274,125.00 £
Increased by 30.37 %
from 210,270.00 £
Average area rental value
1,348.00 £/mo
Increased by 7.67 %
from 1,252.00 £/mo
Est letting value
645.00 £/mo
Unchanged by 0.00 %
from 645.00 £/mo
Est rental Yield
3.81 %
Decreased by 25.88 %
from 5.14 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • McHugh & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Kendall Church Of England Primary SchoolVoluntary Controlled SchoolGood0.76 KM
St. George'S SchoolCommunity SchoolGood1.09 KM
St James' Church Of England Primary SchoolAcademy Sponsor LedGood1.12 KM
St Thomas More'S Catholic Primary School, ColchesterAcademy Converter1.17 KM
Willow Brook Primary School And NurseryAcademy Sponsor LedGood1.68 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Kendall Road Folley £ 000.00 KM
Magdalen Green £ 210,00000.00 KM
Moorside £ 000.00 KM
Love Hill Walk £ 000.00 KM
Colonia Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hythe (Essex)6851HYH1.12 KM
Colchester Town6853CET1.45 KM
Colchester6861COL3.34 KM
Wivenhoe6860WIV5.24 KM
Alresford (Essex)6847ALR9.43 KM

Nearby Listings

AddressPriceTypeScoreDistance
58 Victor Road, Colchester, Essex, CO1 £ 110,000BUY6 / 100.01 KM
Victor Road, New Town, Colchester, Essex, CO1 £ 200,000BUY7 / 100.03 KM
Victor Road, Colchester £ 230,000BUYUnknown0.04 KM
Victor Road, Colchester £ 210,000BUY6 / 100.06 KM
New Park Street, Colchester, Essex, CO1 £ 210,000BUY6 / 100.06 KM

Nearby Properties

AddressPriceDistance
38 Victor Road £ 129,0000.01 KM
46 Victor Road £ 120,0000.01 KM
47 Victor Road £ 140,0000.01 KM
59 Victor Road £ 70,0000.01 KM
68 Victor Road £ 122,5000.01 KM