Oakheart Property says ..

Property Oracle says ..

The property located at Colyers Reach, Chelmsford, Essex, CM2 6RW is a one-bedroom, one-bathroom house with a list price of £160,000. The property’s size is 400.42 sqft and it has a plot size of 0.00 sqft.

The average house price in the area is £244,515, significantly higher than the list price of this property. The average price per sqft is £257.00, while this property is listed at a much lower price per sqft. However, this lower price may reflect the property’s condition.

Based on the provided images, the property appears to be in need of some modernisation and updating. The decor is dated, and some areas show signs of wear and tear. The kitchen and bathroom appear functional but are not modern. The small plot size is also a factor to consider.

The property is located in Chelmer Village and Beaulieu Park, close to Chancellor Park Primary School (rated Outstanding), Barnes Farm Infant School, and Barnes Farm Junior School, all within less than a kilometre. Chelmsford train station is approximately 4.64km away, providing access to other areas. The proximity to schools and transport links is a positive aspect of the location.

Considering the lower price point compared to the average property price in the area, the relatively close proximity to schools and transport links, and the need for modernisation, the property presents a complex valuation. The small plot size is also a significant factor impacting overall value. A potential buyer should carefully weigh the cost of necessary renovations against the lower purchase price and the advantages of the location.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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