Michael Yeo says ..

Property Oracle says ..

Elmwood Avenue is located in Borehamwood, Hertfordshire, a town with good transport links to London and other parts of the UK. The property is within easy reach of several highly-rated primary schools, such as Summerswood Primary School and Yavneh Primary School, making it an attractive option for families. The proximity to these schools significantly enhances the desirability and potential value of the property. The area also benefits from local amenities and green spaces, further contributing to its appeal.

The property itself appears to be in excellent condition. The images show a recently modernised interior with a contemporary kitchen and updated bathrooms. There is no visible evidence of significant wear and tear or the need for major renovations. The property has been well maintained and updated, indicating a high level of care and investment.

The property boasts a substantial garden, significantly larger than the average plot size in the area. This additional outdoor space adds considerable value and appeal, providing ample room for recreation and relaxation. The garden includes a hot tub and a garden room/studio, further enhancing its desirability.

Considering the property’s excellent condition, desirable location, and large garden, the list price of £725,000 seems reasonable, though potentially slightly on the higher end of the market. While the average price per square foot in the area is £112, this property’s condition, features, and plot size justify a higher price. The higher-than-average price of nearby comparable properties supports this assessment. However, a thorough comparative market analysis of recently sold properties with similar characteristics in the immediate vicinity would provide a more definitive conclusion.

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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