Property Solutions Group says ..

Property Oracle says ..

The property is a terraced house located on Verderers Road in Chigwell, Essex. It has two bedrooms and a small garden. The property is in need of modernisation and some repairs. The kitchen, in particular, shows signs of significant wear and tear. The flooring throughout much of the property also appears dated and worn. The bathroom is relatively modern. The average house price in the area is £445,250, with an average price per square foot of £513. This property is listed at £360,000 and has 746.91 sqft. This is significantly lower than the average price per sqft for the area. However, the condition of the property needs to be considered. The property requires significant modernisation and renovation which would impact the overall cost. Nearby comparable properties on Verderers Road have sold for between £191,500 and £295,000. These properties may not be directly comparable due to differences in size, condition, and features. Therefore, a thorough assessment of the required work is necessary to determine the true value. The location benefits from being close to several good primary schools, including Coppice Primary School and John Bramston Primary School, both rated as ‘Good’ by Ofsted. Transport links may be slightly less convenient, with the nearest TfL Rail station (Goodmayes) being approximately 5.28km away. Considering the condition, the relatively small plot size, and the need for renovation, the list price of £360,000 may be considered reasonable, though further investigation into the extent and cost of necessary repairs is crucial for a definitive conclusion.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images