Madison Fox says ..

Property Oracle says ..

Location: The property is situated in Lambourne End, Romford, Essex. While the immediate vicinity is relatively quiet and residential, its proximity to Romford town centre offers access to a range of amenities, including shops, restaurants, and transportation links. The nearby TfL Rail stations provide convenient access to London and other parts of Essex. The presence of several schools within a reasonable distance is also a positive factor for families. However, the specific quality of these schools would require further investigation beyond the provided data.

Condition: Based on the images, the property appears to be well-maintained and in good condition. The interior is presented in a clean and updated style. While some elements might be considered traditional or period features, there is no significant evidence of disrepair or the need for extensive renovation.

Land: The property boasts a substantial plot size of 2,694.50 sqft. Images clearly show a well-maintained garden area, including a swimming pool and a separate garden shed. The ample outdoor space is a significant advantage.

Price: The list price of £1,500,000 is notably lower than the average price of £2,472,500 for properties in the area. However, the average price per sqft of £1,641.00, when applied to the 1,942.36 sqft of this property, would suggest a value closer to £3,186,000. The significant discrepancy between the list price and this estimated value requires further investigation. The lack of sqft data for nearby properties makes a direct price comparison challenging. However, the list price appears significantly undervalued compared to the average price and the average price per sqft in the area. Additional factors, such as the specific features of the property and the current market conditions, would need to be considered for a complete valuation.

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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