Avon Way, Colchester
HA

Avon Way, Colchester

By haart

£ 130,000

Reviews

2 out of 5 stars

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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Leaflet © OpenStreetMap contributors

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 %
from 369,241.00 £
Est sale value
327,683.76 £
Increased by 3.79 %
from 315,717.78 £
Average area rental value
1,207.00 £/mo
Decreased by 10.72 %
from 1,352.00 £/mo
Est letting value
920.46 £/mo
Unchanged by 0.00 %
from 920.46 £/mo
Est rental Yield
4.15 %
Decreased by 5.47 %
from 4.39 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • haart created the listing.

Nearby Schools

NameTypeOfstedDistance
Col1 Greenstead Family Hub Delivery SiteChildren's Centre0.87 KM
Colchester AcademyAcademy Sponsor LedGood0.93 KM
Hazelmere Junior SchoolCommunity SchoolGood0.99 KM
Hazelmere Infant School And NurseryCommunity SchoolGood0.99 KM
Unity Primary AcademyAcademy Sponsor LedGood1.09 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Kingfisher Close £ 000.00 KM
Jasmine Close £ 000.00 KM
Redmason Road £ 398,85200.00 KM
Phoenix Court £ 160,00000.00 KM
King Edward Quay £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hythe (Essex)6851HYH1.83 KM
Wivenhoe6860WIV3.74 KM
Colchester Town6853CET4.33 KM
Colchester6861COL5.85 KM
Alresford (Essex)6847ALR7.02 KM

Nearby Listings

AddressPriceTypeScoreDistance
Avon Way, Colchester £ 130,000BUY4 / 100.00 KM
Avon Way, Colchester, Essex, CO4 £ 250,000BUY6 / 100.09 KM
Pickford Walk, Colchester £ 325,000BUY7 / 100.10 KM
Thorpe Walk, Colchester £ 250,000BUY5 / 100.17 KM
Ferdinand Walk, Colchester, Essex, CO4 £ 160,000BUYUnknown0.21 KM

Nearby Properties

AddressPriceDistance
89 Avon Way £ 75,0000.04 KM
87 Avon Way £ 136,5000.04 KM
85 Avon Way £ 44,0000.04 KM
79 Avon Way £ 54,0000.04 KM
55 Avon Way £ 152,0000.04 KM