William H. Brown says ..

Property Oracle says ..

The property is located in Braintree, Essex, and is a land plot. The listing price is £500,000. The property is situated on Notley Road, Braintree West. Several schools are within a kilometre radius, including St Francis Catholic Primary School, John Ray Junior School, and John Ray Infant School, all rated ‘Good’ by Ofsted. Notley High School and Braintree Sixth Form is also nearby, but has been rated as having ‘Serious Weaknesses’ by Ofsted. Braintree train station is approximately 0.63km away, providing convenient access to transport links. Based on the provided images, the existing building appears to be in need of significant renovation. The interior shows signs of disrepair and outdated fixtures. The exterior, while possessing some period charm, also requires attention. The property includes a sizeable land plot, offering potential for development or expansion. Considering the average house price in the area is £474,231 and the average price per square foot is £449, the listed price of £500,000 for this property, which requires substantial renovation, may be considered high. However, the inclusion of the significant land plot adds value. The nearby properties show a range of prices, with some significantly lower and some higher, making a definitive statement on price difficult without further detailed information on the land’s potential.

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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