James Lodge, Shrub End Road, Colchester
EL

James Lodge, Shrub End Road, Colchester

By Elms Price & Co

£ 140,000

Reviews

2 out of 5 stars

Elms Price & Co says ..

We offer for sale this two-bedroom first floor maisonette situated to the south west of Colchester. The property does require updating but benefits from garage and garden. The property is suitable for CASH BUYERS ONLY (approximately 48 years remaining to the lease term - commenced 24.6.1974 for...

Property Oracle says ..

This two-bedroom property located at James Lodge, Shrub End Road, Colchester, is currently listed at £140,000. The property is situated in the desirable Prettygate area, close to well-regarded primary schools with good Ofsted ratings (Gosbecks Primary, Prettygate Junior, and Prettygate Infant). Colchester town center is approximately 4.79km away, providing easy access to a wider range of amenities and transport links. The property itself, based on the photos, requires significant modernization. The interiors present a dated aesthetic, with outdated carpets, bathroom fixtures, and overall décor. While structurally sound, potential buyers should budget for substantial renovations to update the property to modern standards. The property has a garden, although precise dimensions aren’t detailed, along with access to garages, which is a positive feature. The low list price of £140,000 might be justified given the need for renovation but is noticeably lower than comparables in the area indicating that it could offer value to a buyer willing to undertake substantial refurbishment. The absence of precise square footage information makes a definitive comparison of price per square foot challenging. The overall value proposition rests on the potential for appreciation post-refurbishment against the initial cost of 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
5
Bedrooms
2
Bathrooms
1

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
433,571.00 £
Increased by 10.56 %
from 392,174.00 £
Average area rental value
1,800.00 £/mo
Increased by 17.42 %
from 1,533.00 £/mo
Est rental Yield
4.98 %
Increased by 6.18 %
from 4.69 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Elms Price & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Gosbecks Primary SchoolCommunity SchoolGood0.25 KM
Prettygate Junior SchoolCommunity SchoolGood0.64 KM
Prettygate Infant SchoolCommunity SchoolGood0.64 KM
Paxman AcademyFree Schools0.66 KM
Philip Morant School And CollegeAcademy Converter1.27 KM

Images

DSC_0009 DSC_0003 DSC_0007 DSC_0006 DSC_0005 DSC_0008 DSC_0001 DSC_0010 DSC_0011 Lease plan

Nearby Streets

NameAverage PriceAverage SqftDistance
Greystones Close £ 000.00 KM
Temple Road £ 000.00 KM
Bellona Way £ 400,00000.00 KM
Veritas Grove £ 375,00000.00 KM
Venus Road £ 375,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Colchester6861COL4.40 KM
Colchester Town6853CET4.79 KM
Hythe (Essex)6851HYH7.22 KM
Marks Tey6863MKT8.87 KM

Nearby Listings

AddressPriceTypeScoreDistance
James Lodge, Shrub End Road, Colchester £ 140,000BUY5 / 100.00 KM
Greystones Close, Colchester , Colchester, CO3 £ 450,000BUY6 / 100.06 KM
Greystones Close, Colchester , Colchester, CO3 £ 450,000BUY6 / 100.06 KM
Greystones Close, Colchester £ 475,000BUY6 / 100.07 KM
Redmill, Colchester £ 475,000BUY7 / 100.07 KM

Nearby Properties

AddressPriceDistance
4 Greystones Close £ 290,0000.07 KM
2 Greystones Close £ 330,0000.07 KM
3 Redmill £ 415,0000.09 KM
12 Redmill £ 615,0000.09 KM
5 Redmill £ 407,5000.09 KM