Kemsley LLP says ..

Property Oracle says ..

This property in Holliwell Close, Stanway, Colchester, is a mixed-use development consisting of residential and commercial buildings. The listing describes the buildings as including two pairs of three-bedroom semi-detached houses (converted to offices), a former police patrol office, and a single-storey office and industrial/vehicle workshop. The site is quite extensive, occupying a generous plot of land. Its location in Stanway offers several advantages: proximity to well-regarded schools, relative closeness to Colchester town centre, and generally convenient access to other amenities. However, the condition of the buildings appears to vary, with some showing signs of needing upkeep or modernisation. The listed price of £2,000,000 is significantly higher than neighboring residential properties, warranting detailed investigation into the rationale for the high valuation. The price likely reflects the size of the land and the potential for development or redevelopment. Without a detailed breakdown of the square footage for each structure, and a precise description of their individual condition and suitability for different purposes, a definitive assessment of the value for money is challenging. The lack of specific information on bedrooms and bathrooms for the residential aspects further limits a full analysis. The lack of detailed square footage information for the entire site hinders the ability to establish whether this is a true valuation. A potential buyer should conduct a thorough survey, assess the suitability of the properties for their intended use, and carefully evaluate the potential costs associated with any necessary refurbishment or renovations. Further due diligence into the planning permission and development potential of this site would be advised.

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

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