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Heathview Road, Grays RM16 - Image 1
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Heathview Road, Grays RM16

London

£450,000
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached three-bedroom home presents a compelling opportunity for renovation and investment in the desirable RM16 area. With a spacious layout, this property offers ample potential for modernization, whether you are looking to create your dream home or seeking an investment that can appreciate over time. The residence features three generously sized bedrooms, including a master suite complete with an en-suite bathroom, ensuring comfort and convenience. There are two bathrooms overall, catering well to families or guests. A bright conservatory provides a welcoming space that overlooks the expansive rear garden, enhancing the connection to outdoor living. The property boasts off-street parking for two vehicles, a valuable feature in this neighborhood. The large gardens not only offer considerable outdoor enjoyment but also present opportunities for future extensions—either extending to the rear or even considering loft conversions, pending planning approval. Situated in a community known for its accessibility to local schools, shops, and transport links, this home is strategically located for both family living and rental appeal. The combination of space and location makes it easy to envision the enhancements that could elevate its value significantly. Overall, this property stands out as an excellent canvas for those looking to invest in renovations or expansion while benefiting from a favorable location in RM16.

Investment Analysis

(RM16 area)
Area Average
£406/sq ft
Avg Rent (weekly)
£364
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 3.2%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on RM16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Heathview Road, Grays RM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE