Balkerne Passage , Colchester, Colchester , CO1
MI

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
71,897
Increased by 12%
from 70,946
Rental Yield Growth
24.57%
Decreased by 4.05%
from 28.62%

Agent Activity

  • Michaels Property Consultants Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
The Sixth Form College ColchesterFurther EducationGood0.15 KM
St John'S Green Primary SchoolCommunity SchoolGood0.56 KM
Colchester High SchoolOther Independent School0.63 KM
North Primary School And NurseryCommunity SchoolGood0.68 KM
Colchester InstituteFurther EducationRequires improvement0.84 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Balkerne Gardens £ 000.00 KM
Manor Road £ 210,00000.00 KM
Trinity Street £ 000.00 KM
Angel's Court £ 000.00 KM
Riverside Walk £ 290,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Colchester Town6853CET1.12 KM
Colchester6861COL1.26 KM
Hythe (Essex)6851HYH3.61 KM
Wivenhoe6860WIV7.69 KM

Nearby Listings

AddressPriceScoreDistance
Balkerne Passage , Colchester, Colchester , CO1 £ 400,0005 / 100.00 KM
North Hill, Colchester, CO1 £ 750,0005 / 100.17 KM
St Marys, Balkerne Heights £ 205,000Unknown0.24 KM
Salter Court, Colchester, CO3 3FF £ 100,0005 / 100.25 KM
Salter Court, Colchester, CO3 3FF £ 149,9505 / 100.25 KM

Nearby Properties

AddressPriceDistance
7a Church Street £ 290,0000.09 KM
7b Church Street £ 315,0000.10 KM
6 Church Walk £ 108,0000.20 KM
3a Church Walk £ 99,9950.20 KM
39 North Hill £ 75,0000.21 KM