William H. Brown says ..

Property Oracle says ..

This property is a 3 bedroom, 2 bathroom end of terrace house located on Arbour Lane in Chelmsford, Essex. It is listed at £400,000 and has a floor area of 750 sqft. The property benefits from a modern kitchen and bathrooms, and a good-sized rear garden. The location is good, with several primary schools within a kilometre, including Trinity Road Primary School (rated ‘Good’ by Ofsted) and Chelmsford Hospital School (rated ‘Outstanding’). Chelmsford train station is also relatively close, providing convenient access to London and other parts of the country. Based on the photos, the property appears to be in excellent condition, having undergone recent modernisation. The kitchen and bathrooms are modern and well-maintained. The property has a good-sized rear garden, which is a desirable feature in a city location. Considering the property’s condition, location, and garden, the list price of £400,000 seems reasonable. The average price for properties in the area is £458,408, and the average price per sqft is £424. While this property is smaller than average (750 sqft compared to 1079 sqft), its modern condition and desirable features justify its price point. Nearby comparable properties support this assessment, although the lack of sqft data for those properties makes direct comparison difficult.

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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