Palmer & Partners says ..

Property Oracle says ..

The property is a 3 bedroom bungalow situated on King Edwards Road, South Woodham Ferrers, Chelmsford, Essex. It boasts a sizable plot of 1,851 sqft and a total area of 2,385.60 sqft. The property is listed at £650,000.

The location is positive, with several primary schools within a 1km radius, all boasting a ‘Good’ Ofsted rating. The proximity to South Woodham Ferrers train station (0.92km) provides convenient access to transport links. The area benefits from a relatively low average house price of £394,452, suggesting affordability compared to other areas.

Based on the images provided, the property appears to be in excellent condition. It has undergone a recent and high-quality refurbishment, evident in the modern kitchen and bathroom fittings. The property is clean, well maintained and shows no signs of disrepair. The garden is well-landscaped and offers a considerable amount of space.

Considering the property’s condition, location, and generous plot size, the list price of £650,000 appears high compared to the average price per sqft in the area (£411). While the property’s size and recent renovation justify a higher price, the asking price significantly exceeds the average price for similar properties in the vicinity. Nearby comparable properties range from £200,000 to £472,000, with none exceeding £500,000. Therefore, while the property itself is of high quality and well-situated, the asking price may need to be reviewed to reflect the local market.

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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