Savills says ..

Property Oracle says ..

This three-bedroom semi-detached house in Greenstead, Colchester, is currently listed for auction at £170,000. The property’s location offers convenient access to local schools, including Colchester Academy, which has a ‘Good’ Ofsted rating, and is reasonably close to several train stations. However, Greenstead’s overall desirability might be considered moderate in comparison to more affluent areas of Colchester. The provided photographs show that the exterior of the property requires significant attention. The front garden is overgrown and cluttered with debris, indicating a lack of maintenance and possibly underlying issues. The lack of internal photographs prevents a comprehensive assessment of the interior condition. The nearby comparable properties offer a mixed price range, from significantly less expensive to more expensive. A key missing aspect of the property details is the square footage. Without this critical information, a precise comparison to similar properties proves challenging. The auction format adds a degree of uncertainty, meaning that the final sale price could either exceed or fall below the listing price. Prospective buyers should carefully consider the extensive renovation and potential external repair costs required before bidding. The property presents a potentially viable investment for those comfortable with renovation projects, and its proximity to the University of Essex could be advantageous for rental prospects. However, potential buyers must conduct a thorough inspection and factor in renovation costs to ascertain the true value and whether the listing price represents fair market value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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