Elliott & Smith Partnership says ..

Property Oracle says ..

This four-bedroom house in Rayleigh, Essex is situated in a relatively desirable location, boasting proximity to good schools and a train station. However, the property appears to be in need of significant refurbishment. The interior, as shown in the photos, is dated and would require modernisation to bring it up to current standards. The kitchen and bathrooms seem particularly in need of updating. While the exterior looks reasonably well-maintained, the overall impression is one of a house that requires considerable investment to achieve its full potential. The garden is a definite asset, offering substantial outdoor space compared to other properties in the area.

Despite the need for modernisation, the location and size of the property could make this an attractive proposition for buyers willing to undertake renovation work. The current asking price takes into account the need for potential renovations but it is important to factor in the cost of these upgrades when considering the overall value of the property. The lack of square footage information for the nearby listings makes the price comparison difficult, however, properties on the same street have sold for lower and higher prices. The average price per square foot information is absent, making a conclusive statement on value difficult. Further investigation into local comparable sales would provide a clearer picture of the property’s market value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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