24 Mario Way, Colchester
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24 Mario Way, Colchester

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We have confidence in this estimated current valuation Updated recently
£357,500
Or £2,324 per month to rent Powered by AVM
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Transaction history

Listing history

For Sale
Jan 15, 2016
£279,995
For Sale
Feb 19, 2016
£280,000

Property Description

Data accuracy has been checked and verified for this property.

Our analysis

Welcome to 24 Mario Way, Colchester, a cozy and compact terraced type home with 4 bed in the CO2 7QN area. This lovely residence, which comes with the freedom and stability of a freehold ownership, and sits comfortably in tax band D.

This modern and well-kept property was built 2003-2006 and has a reported internal area of 114 internal square metres The neighbourhood is known for having good properties at a reasonable price - with a market valuation of £357,500 and a rental potential of £2,324 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to Jan 15, 2016. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

"*TENANTS IN SITU*
*READY-MADE INVESTMENT*
*NO ONWARD CHAIN*

A great and unique investment opportunity, this well proportioned four double bedroom town house offers spacious accommodation over three floors. Situated on this modern and highly desirable estate, this investment is a rare find. With off-road parking and a single garage located behind the property, with easy access through the rear, there really is everything you need. The property is located within close proximity to local amenities and has excellent transport links to Colchester Town.

The property is currently let out to four private individuals, three of which are fully professional. Earning a generous income of £1,633PCM (£19,596PA) and with the tenancy agreement recently renewed, you can be assured that this property will make a great addition to an investment portfolio. 

Reception Hall - 14' 1'' x 5' 0'' (4.29m x 1.52m)
Laminate flooring, central light, radiator, strip lighting,understairs cupboard with electric meters, stairs to first floor.Door to:

Dining Room - 10' 0'' x 9' 0'' (3.05m x 2.74m)
Window to front aspect, laminate flooring, central light,radiator. Archway to:

Kitchen/Breakfast Room - 16' 1'' x 9' 0'' (4.90m x 2.74m)
With French doors to rear aspect overlooking the garden,fitted with a matching base of wall and base units withworktops over and inset with one and a half bowl stainlesssteel sink, drainer and chrome mixer tap, built in cooker withgas hob and extractor over, built in fridge/freezer, linoleumflooring, spotlights, partly tiled walls, radiator.

Utility room
Window to rear aspect, matching wall and base units with oneand a half bowl stainless steel sink, drainer and chrome mixertap, space for washing machine, spotlights. Door to:

Cloakroom
White suite comprising low level W.C., pedestal hand washbasin, spotlights, radiator, extractor fan.

First Floor Landing
Radiator, central light and strip lighting. Doors to:

Sitting Room
Built in fireplace with wooden mantle over, two windows tofront aspect, central light, radiator.

Bedroom 2
Two windows to rear aspect, built in wardrobes, central light,radiator.

Family Bathroom
White suite comprising low level W.C., pedestal wash handbasin, partly tiled walls, panelled bath with shower attachmentover, spotlights, shaver point, radiator.

Second Floor Landing
Door to airing cupboard housing the hot water cylinder.

Master Bedroom
Two windows to front aspect, built in wardrobes, central light,radiator. Door to:

En-suite
White suite comprising low level W.C., pedestal hand washbasin, partly tiled walls, fully tiled shower cubicle, extractorfan, shaver point, spotlights, radiator

Bedroom 3
Two windows to rear aspect, built in wardrobes, central light,radiator, access to loft.

Outside Front
The property is conveniently situated overlooking green spaceand has off road parking to the rear of the property via sharedaccess where off road parking for one vehicle is provided infront of a single garage in a block

Outside Rear
The rear garden is mainly laid to lawn and is enclosed bypanelled fencing, a patio also abutts the property

The Area
Colchester is an historic town and the largest settlement within the borough of Colchester. As the oldest recorded Roman town in Britain, Colchester is claimed to be the oldest town in Britain. It was for a time the capital of Roman Britain, and is a member of the Most Ancient European Towns Network.Colchester is 51.2 miles north-east of London and is connected to the capital by the A12 road and the Great Eastern Main Line. It is seen as a popular town for commuters, and is less than 30 miles away from Stansted Airport and 20 miles from the passenger ferry port of Harwich.

"

Property Data

Data point Compared to road
Tax band D
97 sqm plot

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £1,627 Try Mortgage Tracker
Energy £610 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
The Thomas Lord Audley School
0.4mi
Monkwick Junior School
0.4mi
Monkwick Infant and Nursery School
0.5mi
Montgomery Junior School Colchester
0.6mi
Montgomery Infant School and Nursery Colchester
0.6mi
Nearby Stations
Colchester Town Station
1.2mi
Hythe (Essex) Station
1.7mi
Colchester Station
2.1mi
Wivenhoe Station
2.9mi
Alresford Station
4.5mi

Comparable properties

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Photos

Strengths and Opportunities

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Renovation improvements

๐Ÿค”
New Kitchen
This could increase your home value by £15,000
๐Ÿค”
New Bathroom
This could increase your home value by £5,000
๐Ÿค”
Air Conditioning
This could increase your home value by £7,000
๐Ÿค”
New Windows
This could increase your home value by £10,000

Cost improvements

๐Ÿค”
๐Ÿค”
Suggestion: Switch energy provider
Click here to view providers

Strengths

๐Ÿ˜€
Strength: Family-friendly
Enough beds for the whole family
๐Ÿ˜€
Strength: Freehold ownership
This property has the support and stability of full freehold ownership.
๐Ÿ˜€
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

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Frequently asked questions

  1. How much is 24 Mario Way, Colchester worth?

    24 Mario Way, Colchester is now worth £357,500 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for 24 Mario Way, Colchester - click click here to get a valuation with no strings attached.

  2. What is the rental value of 24 Mario Way, Colchester?

    The current rental valuation for this property is £2,324 per month, within a price range of £2,091 and £2,556.

  3. How many bedrooms does 24 Mario Way, Colchester have?

    This property has 4 bedrooms. Search for nearby properties with 4 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to 24 Mario Way, Colchester?

    Nearby schools in include The Thomas Lord Audley School, Monkwick Junior School, Monkwick Infant and Nursery School, Montgomery Junior School Colchester, Montgomery Infant School and Nursery Colchester

    Nearby stations in include Colchester Town Station, Hythe (Essex) Station, Colchester Station, Wivenhoe Station, Alresford Station.

  5. What type of property is 24 Mario Way, Colchester

    This is a Terraced property. There are 26 other Terraced properties on MARIO WAY, and 35 in total.

  6. When was 24 Mario Way, Colchester built? How old is 24 Mario Way, Colchester?

    24 Mario Way, Colchester was was built between 2003-2006.

Breadcrumbs

Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

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