McHugh & Co says ..

Property Oracle says ..

The property located at 10 Church Avenue, Broomfield, Chelmsford, CM1 7EZ is a 3-bedroom end of terrace house listed at £160,000. The property is situated in Broomfield, a suburb of Chelmsford in Essex. Considering the average house price in the area is significantly higher at £560,288, the listed price of this property is considerably lower. This suggests potential value for money, however, further analysis is needed to determine if this is a fair price. The property appears to be in need of modernisation and renovation. The interior photos show dated decor, carpets, and fixtures. The bathroom and kitchen require significant updating. The garden, while present, is overgrown and requires attention. The presence of a shed and what looks like a pond are positive features. The location benefits from proximity to several schools, including Chelmer Valley High School and Broomfield Primary School, both rated as ‘Good’ by Ofsted. Chelmsford city centre is also relatively close, offering convenient access to amenities and transport links. The nearby Chelmsford train station provides access to Greater Anglia services. Given the condition of the property and the need for substantial renovation works, the listed price of £160,000 may appear reasonable when compared to the average house price in the area. However, the lack of square footage data prevents a precise price per square foot comparison to determine its true value. The lower prices of nearby comparable properties on Church Avenue also support the notion that the asking price may be reasonable. However, potential buyers should factor in the cost of renovations when making an offer.

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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