Butt Road, Colchester, CO3
MI

Butt Road, Colchester, CO3

By Michaels Property Consultants Ltd

£ 170,000

Reviews

2 out of 5 stars

Michaels Property Consultants Ltd says ..

An exciting opportunity to purchase this one bedroom terrace house, in need of light renovation throughout. An ideal investment or first time purchase and conveniently located in the City centre with excellent access to Colchester's vibrant lifestyle. The city centre offers a range of high cla...

Property Oracle says ..

This one-bedroom terraced house situated on Butt Road, Colchester, presents a mixed bag of potential. Its central location within Colchester is undeniably a strong point, offering easy access to local shops, schools, and transport links. Nearby Colchester Town train station provides excellent connectivity. The proximity to schools like St John’s Green Primary School and Colchester High School could appeal to families.

However, the property’s condition is a significant factor to consider. The photographs reveal an interior that requires substantial modernisation. The kitchen, bathroom, and living areas all appear dated and need updating, which will add to the overall cost of ownership. The garden, while present, is currently overgrown and would need considerable attention.

The lack of provided square footage information makes it impossible to calculate the price per square foot and accurately gauge the value compared to similar properties. The listed price of £170,000 appears to be competitive for a one-bedroom house in Colchester that needs renovation, taking the location into consideration. Nonetheless, potential buyers should factor in the costs of renovation and refurbishment into their budget. Overall, this property is best suited for investors or those seeking a renovation project in a convenient Colchester location.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
5
Bedrooms
1
Bathrooms
2
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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
332,632.00 £
Increased by 18.18 %
from 281,451.00 £
Average area rental value
1,125.00 £/mo
Decreased by 3.43 %
from 1,165.00 £/mo
Est rental Yield
4.06 %
Decreased by 18.31 %
from 4.97 %
Crime Rate
26.00 %
Unchanged by 0.00 %
from 26.00 %

Agent Activity

  • Michaels Property Consultants Ltd marked this listing as sold.

  • Michaels Property Consultants Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
St John'S Green Primary SchoolCommunity SchoolGood0.48 KM
Colchester High SchoolOther Independent School0.49 KM
The Sixth Form College ColchesterFurther EducationGood0.58 KM
Oxford House SchoolOther Independent School0.80 KM
Colchester Royal Grammar SchoolAcademy ConverterSerious Weaknesses0.86 KM

Images

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Colchester Town6853CET1.11 KM
Colchester6861COL1.68 KM
Hythe (Essex)6851HYH3.63 KM
Wivenhoe6860WIV7.53 KM

Nearby Listings

AddressPriceTypeScoreDistance
Butt Road, Colchester, Essex, CO3 £ 190,000BUYUnknown0.02 KM
Butt Road, Colchester £ 240,000BUYUnknown0.07 KM
Lancer House, Butt Road, Colchester £ 279,000BUY5 / 100.07 KM
Crown House, Colchester £ 135,000BUY5 / 100.12 KM
West Street, Colchester, Essex, CO2 £ 230,000BUY6 / 100.12 KM

Nearby Properties

AddressPriceDistance
46 Butt Road £ 168,0000.01 KM
86 Butt Road £ 108,0000.01 KM
70 Butt Road £ 70,0000.01 KM
42 Butt Road £ 172,9950.01 KM
44 Butt Road £ 165,0000.01 KM