haart says ..
** Student Let Only ** Calling all smart investors! An ideal student let opportunity awaits, situated within walking distance of Essex University, we expect with a NET YIELD to be in excess of 15%. (Further information on this to follow)
Property Oracle says ..
This 4-bedroom property in Greenstead, Colchester, presents a mixed bag. Its key strengths lie in its proximity to schools with good Ofsted ratings and its reasonably close proximity to transport links. The fact that it has four bedrooms would be a positive if renting out to students. This proximity to the University of Essex campus would suggest a higher than average rental yield. The property’s affordability is another compelling feature. However, this is undermined by the dated condition of the property, and its absence of outdoor space. The kitchen and bathrooms would almost certainly require an update, and the lack of any garden will deter many families. Overall, the property is best suited for buy-to-let investors targeting the student rental market, or a first-time buyer seeking a low cost entry into home ownership without the expectation of high-end finishing or outdoor living space. The relatively low price might make it attractive to those not expecting modern features but accepting the need for renovation and the area’s mixed reputation.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 4
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft (est)
- 920.46
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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
- 348,914.00 £Decreased by 5.51 %
- Est sale value
- 327,683.76 £Increased by 3.79 %
- Average area rental value
- 1,207.00 £/moDecreased by 10.72 %
- Est letting value
- 920.46 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.15 %Decreased by 5.47 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
haart created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Col1 Greenstead Family Hub Delivery Site | Children's Centre | 0.87 KM | |
Colchester Academy | Academy Sponsor Led | Good | 0.93 KM |
Hazelmere Junior School | Community School | Good | 0.99 KM |
Hazelmere Infant School And Nursery | Community School | Good | 0.99 KM |
Unity Primary Academy | Academy Sponsor Led | Good | 1.09 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Kingfisher Close | £ 0 | 0 | 0.00 KM |
Jasmine Close | £ 0 | 0 | 0.00 KM |
Redmason Road | £ 398,852 | 0 | 0.00 KM |
Phoenix Court | £ 160,000 | 0 | 0.00 KM |
King Edward Quay | £ 0 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Hythe (Essex) | 6851 | HYH | 1.83 KM |
Wivenhoe | 6860 | WIV | 3.74 KM |
Colchester Town | 6853 | CET | 4.33 KM |
Colchester | 6861 | COL | 5.85 KM |
Alresford (Essex) | 6847 | ALR | 7.02 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Avon Way, Colchester | £ 130,000 | BUY | 4 / 10 | 0.00 KM |
Avon Way, Colchester, Essex, CO4 | £ 250,000 | BUY | 6 / 10 | 0.09 KM |
Pickford Walk, Colchester | £ 325,000 | BUY | 7 / 10 | 0.10 KM |
Thorpe Walk, Colchester | £ 250,000 | BUY | 5 / 10 | 0.17 KM |
Ferdinand Walk, Colchester, Essex, CO4 | £ 160,000 | BUY | Unknown | 0.21 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
61 Avon Way | £ 220,000 | 0.04 KM |
55 Avon Way | £ 152,000 | 0.04 KM |
57 Avon Way | £ 126,000 | 0.04 KM |
85 Avon Way | £ 44,000 | 0.04 KM |
71 Avon Way | £ 260,000 | 0.04 KM |