Balch Estate Agents says ..

Property Oracle says ..

The property is a detached bungalow located in Moulsham Lodge, Chelmsford, Essex. It is situated on a plot of 1,239 sqft and has three bedrooms and one bathroom. The property benefits from being close to several well-regarded schools, including Moulsham High School, Moulsham Junior School, and Moulsham Infant School, all of which received a “Good” Ofsted rating. Chelmsford train station is also within a reasonable distance, providing convenient access to other areas.

The property appears to be in need of some modernisation. The interior photos show dated décor, carpets, and fixtures. The kitchen and bathroom are particularly in need of updating. While the structure appears sound, significant cosmetic improvements would be needed to bring the property up to modern standards. The garden is a good size and offers potential, although it currently needs some landscaping.

Given the average house price in the area is £244,515 and the average price per sqft is £257, the asking price of £700,000 for this property seems high. While nearby properties on Gordon Road have sold for prices ranging from £392,500 to £740,000, the condition of this property and the lack of information regarding its square footage makes a direct comparison difficult. However, considering the need for modernisation, the price per sqft would likely need to be significantly lower than the area average to be considered reasonable.

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

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