Adrians says ..
Available with no onward chain is this three bedroom bay fronted, mid terraced property. Whilst in need of full modernisation, the property does afford its next owner the option to create their own family home located close to Chelmsford City centre and mainline station. High ceilings and or (cont.)
Property Oracle says ..
This three-bedroom mid-terraced house on Rectory Lane in Chelmsford, Essex, presents a mixed bag of opportunities and challenges for prospective buyers. Its location is highly desirable, boasting proximity to Chelmsford city centre and the mainline station, making it an attractive prospect for commuters and those seeking convenient access to amenities. Several schools are within a reasonable distance, adding further appeal for families.
However, the property requires a complete overhaul. The interior photos reveal an outdated design, with worn carpets, peeling wallpaper, and various areas of noticeable damage. The kitchen and bathroom are particularly dated and would require a substantial investment for modernisation. The garden, while present, is currently overgrown and appears rather small.
The property’s list price of £335,000 needs to be considered in light of its condition. While comparable properties in the area command similar or higher prices, this particular property’s need for significant renovation works means buyers should factor in substantial additional costs. A detailed survey is highly recommended before proceeding with any purchase. The potential for creating a desirable family home exists, however, this will require significant investment and time.
Overall, this property offers a great location but needs complete refurbishment. Potential buyers should carefully weigh the cost of renovation against the property’s desirable location and assess their own DIY skills or budget for professional contractors to bring this property up to a liveable standard.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 7
- Land
- 5
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft (est)
- 900.00
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Metrics Year-on-Year
- Average area value
- 399,091.00 £Increased by 10.45 %
- Est sale value
- 545,400.00 £Increased by 30.89 %
- Average area rental value
- 1,351.00 £/moIncreased by 0.52 %
- Est letting value
- 1,800.00 £/moIncreased by 100.00 %
- Est rental Yield
- 4.06 %Decreased by 8.97 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Adrians marked this listing as sold.
Adrians created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Anglia Ruskin University | Higher Education Institutions | 0.36 KM | |
| Chelmsford County High School For Girls | Academy Converter | 0.47 KM | |
| The Cathedral Church Of England Voluntary Aided Primary School, Chelmsford | Voluntary Aided School | Requires improvement | 0.73 KM |
| King Edward Vi Grammar School, Chelmsford | Academy Converter | 0.73 KM | |
| Maltese Road Primary School | Academy Sponsor Led | Good | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Alan Cherry Drive | £ 0 | 0 | 0.00 KM |
| Railway Square | £ 0 | 0 | 0.00 KM |
| Market Road | £ 335,000 | 0 | 0.00 KM |
| Victoria Road South | £ 325,000 | 0 | 0.00 KM |
| Eckersley Road | £ 230,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chelmsford | 6836 | CHM | 0.56 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rectory Lane, Chelmsford, CM1 | £ 375,000 | BUY | 7 / 10 | 0.04 KM |
| Rectory Lane, Chelmsford, CM1 | £ 340,000 | BUY | 6 / 10 | 0.04 KM |
| Rectory Lane, Chelmsford, CM1 | £ 300,000 | BUY | 7 / 10 | 0.04 KM |
| Rectory Lane, Chelmsford | £ 300,000 | BUY | 6 / 10 | 0.04 KM |
| Rectory Lane, Chelmsford, Essex, CM1 | £ 330,000 | BUY | 7 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 99 Rectory Lane | £ 320,000 | 0.00 KM |
| 75 Rectory Lane | £ 96,269 | 0.00 KM |
| 81 Rectory Lane | £ 340,000 | 0.00 KM |
| 101 Rectory Lane | £ 310,000 | 0.00 KM |
| 94 Rectory Lane | £ 237,000 | 0.00 KM |