Savills says ..

Property Oracle says ..

The property is located in Chelmsford, Essex, a desirable area in the East of England. The proximity to Chelmsford train station (1.39 KM) provides convenient access to London and other parts of the UK. Several schools are within a reasonable distance, including Chelmsford College which has a good Ofsted rating. This positive aspect contributes to a family-friendly environment and potentially higher property values. The lack of plot size information makes it difficult to accurately assess the land aspect of the property. However, the images show a small, manageable garden, which is a desirable feature for many buyers.

Based on the images provided, the property appears to be in good condition. The interior is presented well, with a modern kitchen and bathroom. There are no immediately apparent signs of significant repair or renovation needs. The property seems well-maintained and updated.

Considering the list price of £400,000, the average price in the area is £360,067, and the average price per square foot is £408. This property is 854.65 sqft, so based on the average price per sqft in the area, the property should be worth approximately £348,526. However, the nearby comparable properties listed range from £197,000 to £550,000 with a wide variation in sqft. The lack of sqft information in these comparable listings makes a precise price comparison challenging. The list price of £400,000 falls within the range of nearby property prices, suggesting it may be a reasonable price, although potentially slightly higher than the average price per sqft would suggest. More detailed information on the comparable properties’ condition and features would be needed to make a definitive statement.

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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