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 The interiors present a dated aesthetic, with outdated carpets, bathroom fixtures, and overall décor.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
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Metrics Year-on-Year
- Average area value
- 433,571.00 £Increased by 10.56 %
- Average area rental value
- 1,800.00 £/moIncreased by 17.42 %
- Est rental Yield
- 4.98 %Increased by 6.18 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Elms Price & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Gosbecks Primary School | Community School | Good | 0.25 KM |
| Prettygate Junior School | Community School | Good | 0.64 KM |
| Prettygate Infant School | Community School | Good | 0.64 KM |
| Paxman Academy | Free Schools | 0.66 KM | |
| Philip Morant School And College | Academy Converter | 1.27 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Greystones Close | £ 0 | 0 | 0.00 KM |
| Temple Road | £ 0 | 0 | 0.00 KM |
| Bellona Way | £ 400,000 | 0 | 0.00 KM |
| Veritas Grove | £ 375,000 | 0 | 0.00 KM |
| Venus Road | £ 375,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Colchester | 6861 | COL | 4.40 KM |
| Colchester Town | 6853 | CET | 4.79 KM |
| Hythe (Essex) | 6851 | HYH | 7.22 KM |
| Marks Tey | 6863 | MKT | 8.87 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| James Lodge, Shrub End Road, Colchester | £ 140,000 | BUY | 5 / 10 | 0.00 KM |
| Greystones Close, Colchester , Colchester, CO3 | £ 450,000 | BUY | 6 / 10 | 0.06 KM |
| Greystones Close, Colchester , Colchester, CO3 | £ 450,000 | BUY | 6 / 10 | 0.06 KM |
| Greystones Close, Colchester | £ 475,000 | BUY | 6 / 10 | 0.07 KM |
| Redmill, Colchester | £ 475,000 | BUY | 7 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 Greystones Close | £ 290,000 | 0.07 KM |
| 2 Greystones Close | £ 330,000 | 0.07 KM |
| 3 Redmill | £ 415,000 | 0.09 KM |
| 12 Redmill | £ 615,000 | 0.09 KM |
| 5 Redmill | £ 407,500 | 0.09 KM |