Gallant Richardson says ..

Property Oracle says ..

This three-bedroom, two-bathroom detached bungalow situated on Fulmar Close in the Greenstead area of Colchester is presented for sale at £300,000. The property presents a mixed bag. While it is situated within reasonable proximity to good schools and a train station, offering a practical location for families, the immediate area’s reputation may influence buyer preference. The images reveal a house that is habitable but in need of modernisation. The kitchen and bathrooms, in particular, appear dated and would benefit from renovation. This is reflected in the property description which suggests the property is in need of some modernisation, highlighting the need for potential buyers to budget for renovation costs. A notable positive is the substantial garden space; the property provides a substantial plot compared to average properties in the area. This represents a valuable asset, especially for families. The price of £300,000 sits within a reasonable range considering comparable sales on the same street. Ultimately, this property is likely to attract buyers looking for a project that offers a good-sized garden in a relatively convenient location, however, they should factor in the cost of modernising and updating the property to bring it up to modern standards. The property would benefit from updating the interior to enhance its appeal to a broader market and justify a higher market value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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