Curtis O'Boyle says ..

Property Oracle says ..

This property is located on Spital Road in Maldon, Essex. The area benefits from nearby schools such as All Saints Maldon Church of England Voluntary Controlled Primary School (0.52 KM), Wentworth Primary School (0.61 KM), and St Francis Catholic Primary School (0.91 KM), all rated as ‘Good’ by Ofsted. The property itself is a 3-bedroom, 2-bathroom house with a plot size of 1,141 SQFT and a total area of 1,550 SQFT. The property appears to be in need of significant modernisation and updating, as evidenced by the provided photographs. The garden is present but requires considerable attention. While the location is positive due to proximity to schools, the condition of the property and the need for renovation will significantly impact its value. The list price of £400,000 is higher than the average price of £228,986 for the area. However, considering nearby properties on Spital Road have sold for prices ranging from £154,000 to £340,000, and that this property is larger than average, the price may not be unreasonable if the buyer plans to renovate. The average price per sqft in the area is £247, while this property is listed at a much lower price per sqft. This suggests a potential value opportunity, but only if the renovation costs are factored in. Transportation links are available via train stations in nearby towns such as North Fambridge and Witham.

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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