Balgores says ..

Property Oracle says ..

The property is a 3-bedroom, 1-bathroom terraced house located on Lodge Lane in Romford, Greater London. It has a plot size of 1,093 sqft and a total area of 1,291 sqft. The list price is £550,000.

The location is good, with several primary schools rated ‘Good’ by Ofsted within a 1.25km radius. There are also several TfL Rail stations within a reasonable commuting distance. The average house price on Lodge Lane is £527,500, suggesting the property’s location is desirable.

Based on the provided images, the property appears to be in excellent condition. It has recently undergone a significant modernisation, featuring a contemporary kitchen, updated bathrooms, and stylish interior design. There is no visible evidence of disrepair or the need for renovation. The property also benefits from a well-maintained garden with a decked area and artificial turf.

The plot size is relatively modest, but sufficient for a terraced house of this size. The presence of a garden and a decked area adds to the property’s appeal.

Considering the property’s excellent condition, desirable location, and inclusion of a garden, the list price of £550,000 appears reasonable. The average price per sqft in the area is £400, and while the property’s price is slightly above the average area price of £450,015, its superior condition and recent modernisation justify the higher price. Nearby comparable properties on Lodge Lane support this assessment, with prices ranging from £475,000 to £600,000.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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