Madison Fox says ..

Property Oracle says ..

The property is an end of terrace house located in Copperfield, Chigwell, Essex. It offers three bedrooms and one bathroom, with a total area of 1,195.47 sqft and a plot size of 767.47 sqft. The list price is £425,000. The location is in a desirable area, close to several schools including Limes Farm Junior School (rated \‘Good\’ by Ofsted) and New Rush Hall School (rated \‘Outstanding\’). The proximity to schools and the general Chigwell area suggests a positive location score. Based on the images, the property appears to be in good condition. There is no visible evidence of significant repairs or renovations needed. The interior is presented well, and the property seems well maintained. The kitchen and bathroom appear modern and functional. This suggests a high condition score. The property includes a relatively small but well-maintained rear garden with a patio area, providing some outdoor space. While not extensive, it’s a valuable addition to the property. This warrants a moderate land score. Considering the list price of £425,000, the average house price in the area is significantly higher at £1,264,800. The average price per sqft is £639, while this property’s implied price per sqft is considerably lower. However, the nearby comparable properties show a range of prices, with some significantly lower than the average. The fact that this is an end of terrace house, and smaller than the average property in the area, explains the lower price. Given the condition and location, the list price appears reasonable, although potentially representing good value for money.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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