Connells says ..

Property Oracle says ..

This three-bedroom terraced house in Colchester, Essex is listed at £315,000. The property is located on Steed Crescent in the New Town And Christ Church locality. The location is positive, with nearby schools such as St. George’s School (rated ‘Good’ by Ofsted) within easy reach. Colchester Town train station is also relatively close, providing convenient access to transport links. However, the proximity of other amenities such as shops and places of significance would need further investigation to provide a more complete assessment of the location. Based on the provided images, the property appears to be in need of some modernisation and updating. The kitchen and bathrooms show signs of wear and tear, and the bedrooms appear cluttered and could benefit from a thorough clean. The overall condition suggests that some renovation work would be required to bring the property up to a higher standard. The property does not appear to have a substantial garden or land. The lack of plot size information further limits the assessment of this aspect. Considering the list price of £315,000, the average price in the area is £332,632 and the average price per sqft is £378. This property has 950 sqft, suggesting a price per sqft significantly lower than average. However, the required renovations must be factored into the overall value. The lower price per sqft might reflect the condition of the property. A more detailed comparative market analysis of similarly sized and styled properties in the area, considering their condition, would be needed to provide a more definitive assessment of the price’s reasonableness.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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