John Thoma Bespoke Estate Agency says ..

Property Oracle says ..

A three-bedroom detached family home situated on a sizable plot with huge potential to extend to the side, rear and upper elevations subject to planning permission. The property is located in Chigwell, Essex, a desirable area known for its good schools and convenient access to transport links. Based on the photos, the property appears to be in fair condition, though some modernisation may be desirable. The kitchen and bathroom, in particular, show their age and could benefit from updating. The property includes a sizeable garden, adding to its appeal. Considering the average price per square foot in the area is £917, and this property is listed at £900,000 with 1,119.13 sqft, the price appears to be relatively reasonable, especially given the potential for extension. However, the average house price in the area is significantly higher (£1,845,714), suggesting that this property may be undervalued, particularly if the potential for extension is realised. The presence of a sizable garden also contributes positively to the value proposition. Nearby properties on Barnaby Way have sold for between £950,000 and £1,100,000, supporting the reasonableness of the asking price. The proximity to good schools and transport links further enhances the property’s desirability and justifies its value.

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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