Green Lane Residential says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located in Chigwell, Essex, with a list price of £250,000. The flat is 448.96 sqft and is situated in a modern development. Images show the property to be in excellent condition with a modern, well-maintained interior and exterior. The development appears to have communal green space. The average price for properties in the area is £445,250, significantly higher than the list price of this property. The average price per sqft is £513, while this property’s implied price per sqft is approximately £557. However, given that the average size of properties in the area is 867 sqft, this property is considerably smaller and therefore the price per sqft is higher than average. This could indicate that the property may be undervalued, especially considering its modern condition and location. The location benefits from being within a reasonable distance to several schools rated ‘Good’ by Ofsted. Several TfL Rail stations are also within a 5-8km radius, offering convenient transportation links. However, there is limited information on the immediate proximity of shops and other amenities. The lack of plot size suggests the property does not have a private garden. Considering the property’s modern condition, convenient location relative to schools and transportation, and the potential undervaluation compared to average prices in the area, the property presents a potentially attractive opportunity for a buyer.

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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