Bungalow Homes says ..

Property Oracle says ..

The property is located on Lodge Lane, Collier Row, in the RM5 postcode district. Lodge Lane itself has an average house price of £527,500, suggesting the listing price of £510,000 is slightly below average for the street. The area benefits from relatively close proximity to several primary schools with a “Good” Ofsted rating, such as St Patrick’s Catholic Primary School and Clockhouse Primary School, both within approximately one kilometre. Transport links are available via TfL Rail stations, with Romford station being the closest at 4.41km.

Based on the provided images, the property appears to be in generally good condition, though some minor cosmetic updates might enhance its appeal. The kitchen, while functional, shows signs of age, and an upgrade could increase the property’s value. The bathrooms, however, appear recently renovated and are in excellent condition. The loft conversion is a significant positive, adding considerable living space.

The property includes a garden, which is a desirable feature, particularly in a suburban setting like Collier Row. The garden is of a reasonable size and appears well-maintained.

Considering the average house price in the area is £450,015 and the average price per square foot is £400, and given the property’s condition, location, and inclusion of a garden, the list price of £510,000 appears reasonable, although slightly below the average price for Lodge Lane itself. The lack of square footage information for the property makes a precise price per square foot comparison impossible, hindering a more definitive assessment of its value. However, given the recent renovations to the bathrooms and the loft conversion, the price seems justified.

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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