Leonard Gray Estate Agents & Solicitors says ..

Property Oracle says ..

This three-bedroom terraced house in Chelmsford, Essex is located in the Waterhouse Farm area, close to local schools and transportation links. The property benefits from a rear garden and a garage. However, the property is in need of significant modernisation and updating. The kitchen and bathrooms are dated, and the interior decor is tired. The flooring and carpets also appear worn. While the location is convenient, the condition of the property significantly impacts its overall value. Compared to similar properties in the area, the list price of £290,000 appears slightly below average, but the required renovations must be considered. The average price for properties in the area is £359,211, with an average price per square foot of £396. This property is 904.17 sqft, suggesting a potential value closer to £357,660 if modernised. However, given its current condition, the £290,000 asking price may reflect the need for extensive work.

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

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