William Rose says ..

Property Oracle says ..

The property is located in Brook Crescent, Chingford, London. It’s a three-bedroom, one-bathroom terraced house with a total area of 1,165.11 sqft and a list price of £500,000. The average price for properties in the area is £504,938, with an average price per sqft of £530. Several nearby properties are also terraced houses, with prices ranging from £312,500 to £550,000. The property benefits from being close to several schools, including Lime Academy Larkswood (rated ‘Good’ by Ofsted), and is within a reasonable distance to several Overground and Greater Anglia train stations. The property has a garden.

The property appears to be in generally good condition, although some aspects of the interior decor may appear dated. The kitchen and bathroom appear functional but could benefit from some modernisation. The garden is of a reasonable size for a terraced property in this area.

Considering the average price per sqft in the area (£530) and the property’s size (1,165.11 sqft), a rough estimate of its value would be around £617,000. However, the list price is £500,000, which is significantly below this estimate. This suggests that the property may represent good value for money, particularly given its location and the presence of a garden. However, potential buyers should factor in potential costs associated with modernising the interior decor to reflect current market trends.

The property is located in a desirable area of Chingford, London, close to good schools and transport links, making it appealing to families. The presence of a garden is a significant advantage in this type of property.

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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