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Highfield Gardens, Grays RM16

London

£375,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1140 sqft

Description

Nestled in a quiet residential area of North Grays, this two-bedroom semi-detached bungalow presents an excellent opportunity for renovation and investment. While the property requires updates, its solid structure and practical layout offer a blank canvas for prospective buyers to personalize according to their tastes. Upon entering, you are greeted by a small porch that flows into the hallway, leading to a cozy lounge featuring a classic fireplace. Adjacent is the dining area that connects seamlessly to a conservatory at the back, providing an ideal space for relaxation or entertaining while also allowing for potential expansion or reconfiguration of living areas. The kitchen maintains a traditional aesthetic with wooden cabinetry and direct access to the conservatory, enhancing the overall practicality of the home. The two bedrooms provide comfortable accommodations; the master bedroom comes equipped with fitted wardrobes, while the second bedroom showcases a charming bay window that floods the room with natural light. The shower room is functional and includes essential fixtures such as a corner shower unit, toilet, and washbasin. On the exterior, the property boasts a block-paved driveway allowing for off-street parking convenience along with a garage for additional storage or workshop possibilities. The generous 60ft rear garden offers ample outdoor space ripe for landscaping or gardening projects, making it an attractive feature for those looking to create their own garden oasis. With local amenities within easy reach and significant potential for enhancement through modernization efforts, this bungalow serves as not only a comfortable residence but also as a viable investment opportunity in a sought-after location.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -20.0% below area average per sq ft

-20.0%
Potential saving
This Property
£329/sq ft
Area Average
£411/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£37,500 - £93,750
10-25% of property value
Target Value
£515,457
10% above area average per sq ft
Potential ROI
+10.0%
After renovation
Monthly Sales
17
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 5.1%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on RM16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Highfield Gardens, Grays RM16
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