Palmer & Partners says ..

Property Oracle says ..

The property is a 4-bedroom, 3-bathroom bungalow located in Marlowe Way, Lexden, Colchester, Essex. It is situated in the Prettygate locality and has a plot size of 2,093 sqft and internal area of 1,431 sqft. The list price is £500,000.

The property benefits from being close to several highly-rated primary schools including Home Farm Primary School and St Teresa’s Catholic Primary School, both rated as ‘Outstanding’ by Ofsted. The proximity to these schools is a significant positive for families. Colchester town centre is also within reasonable commuting distance, offering access to a wider range of amenities and transportation links. Several train stations are within a reasonable distance, providing access to Colchester and beyond.

Based on the images provided, the property appears to be in generally good condition, although some aspects suggest it may benefit from modernisation. The kitchen and bathrooms appear relatively dated, and while structurally sound, could benefit from an update to enhance their appeal and functionality. The property retains some original features, suggesting a traditional style. The garden is a significant feature, offering a good amount of space and a variety of mature plants and trees.

Considering the average price per square foot in the area is £356, and this property is listed at £500,000 for 1,431 sqft, the price per sqft works out to approximately £349. This is slightly below the average for the area, suggesting it may represent reasonable value, particularly given the size of the plot. However, the need for potential modernisation should be factored into any price assessment. The nearby comparable properties show a range of prices, with some significantly higher, suggesting that the list price might be competitive within the local market.

The property’s location, size, and garden are key selling points. While some modernisation may be desirable, the overall condition appears sound. The list price seems relatively reasonable in the context of the local market, taking into account the property’s features and the need for potential upgrades.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images