Connells says ..

Property Oracle says ..

The property is located in Shrub End, Colchester, Essex. It is a five-bedroom, two-bathroom house with a total area of 1,139 sqft and a plot size of 0 sqft. The list price is £425,000. The average house price in the area is £323,297, with an average price per sqft of £393. This property is significantly larger than average at 1,139 sqft compared to the average of 822 sqft. Based on the provided images, the property appears to be in reasonable condition. While some minor cosmetic updates might enhance its appeal, there are no apparent signs of significant disrepair or the need for major renovations. The kitchen and bathrooms seem functional and well-maintained, although some may prefer a more modern aesthetic. The property has a garden, which is a desirable feature in the UK housing market, although the size is not specified in the provided information. The presence of a garden adds to the overall appeal and value of the property. Considering the property’s size (1,139 sqft), location in Shrub End, Colchester, its condition, and the presence of a garden, the asking price of £425,000 appears to be at the higher end of the market value. While the property is larger than average and offers five bedrooms, the average price per sqft in the area (£393) suggests a potential overvaluation. However, the proximity to schools and transport links may justify the higher price point for some buyers. A more comprehensive market analysis, including a detailed comparison to recent sales of similar properties in the immediate vicinity, would provide a more accurate assessment of the property’s value.

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

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