Balkerne Passage , Colchester, Colchester , CO1
By Michaels Property Consultants Ltd
£ 400,000
Reviews
2 out of 5 stars
Michaels Property Consultants Ltd says ..
Available to the market is this investment opportunity of 12 parking spaces next to the iconic Jumbo water tower. We are pleased to offer 12 parking spaces for sale, located adjacent to the historic and iconic Jumbo water tower in Colchester. The Jumbo tower, a beloved landmark, is underg...
Property Oracle says ..
This property listing is for 12 parking spaces located in Balkerne Passage, Colchester, Essex, close to Colchester town centre. The location is advantageous due to its proximity to the train station and several schools. However, the immediate surroundings lack visual appeal, appearing more industrial. The condition of the parking area seems functional but displays signs of wear and tear. The property’s image presents a functional but not particularly well-maintained parking area. The total land area appears to be limited to the parking spaces only, hence lack of a garden. The price of £400,000 is substantial for parking spaces, and a thorough market analysis of comparable properties in Colchester is necessary to judge its value accurately. Given the limited information provided on the size of individual spaces, current parking space rates, and the lack of details about the property itself, determining the overall value requires more context.
Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.
- Price
- 7
- Condition
- 5
- Location
- 8
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
Metrics
- Area value Growth
- 71,897Increased by 12%
- Rental Yield Growth
- 24.57%Decreased by 4.05%
Agent Activity
Michaels Property Consultants Ltd created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
The Sixth Form College Colchester | Further Education | Good | 0.15 KM |
St John'S Green Primary School | Community School | Good | 0.56 KM |
Colchester High School | Other Independent School | 0.63 KM | |
North Primary School And Nursery | Community School | Good | 0.68 KM |
Colchester Institute | Further Education | Requires improvement | 0.84 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Balkerne Gardens | £ 0 | 0 | 0.00 KM |
Manor Road | £ 210,000 | 0 | 0.00 KM |
Trinity Street | £ 0 | 0 | 0.00 KM |
Angel's Court | £ 0 | 0 | 0.00 KM |
Riverside Walk | £ 290,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Colchester Town | 6853 | CET | 1.12 KM |
Colchester | 6861 | COL | 1.26 KM |
Hythe (Essex) | 6851 | HYH | 3.61 KM |
Wivenhoe | 6860 | WIV | 7.69 KM |
Nearby Listings
Address | Price | Score | Distance |
---|---|---|---|
Balkerne Passage , Colchester, Colchester , CO1 | £ 400,000 | 5 / 10 | 0.00 KM |
North Hill, Colchester, CO1 | £ 750,000 | 5 / 10 | 0.17 KM |
St Marys, Balkerne Heights | £ 205,000 | Unknown | 0.24 KM |
Salter Court, Colchester, CO3 3FF | £ 100,000 | 5 / 10 | 0.25 KM |
Salter Court, Colchester, CO3 3FF | £ 149,950 | 5 / 10 | 0.25 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
7a Church Street | £ 290,000 | 0.09 KM |
7b Church Street | £ 315,000 | 0.10 KM |
6 Church Walk | £ 108,000 | 0.20 KM |
3a Church Walk | £ 99,995 | 0.20 KM |
39 North Hill | £ 75,000 | 0.21 KM |