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Salix Road, Grays

London

£330,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
764 sqft

Description

This semi-detached three-bedroom home presents an exciting opportunity for those looking to invest in a property with substantial renovation potential. The layout is practical, making it suitable for families, while also offering the chance to personalize and enhance the living space according to your tastes. Each of the three bedrooms is generously sized, providing flexibility for family living or hosting guests. The layout encourages creativity; with reconfigurations possible to create additional bathrooms or open-plan spaces, there is plenty of room for modernization. The kitchen and dining area are spacious and functional, currently laid out for comfortable day-to-day living. Here, you may envision updates that could transform this area into a modern hub for family gatherings and entertaining. With access to the rear garden from the kitchen, outdoor integration can be easily achieved. The rear garden is mostly lawned, presenting a blank canvas where landscaping or decking could enhance outdoor enjoyment. A garage accompanies the property, offering possibilities beyond storage—consider converting part of it into a workspace or additional recreational area. Off-street parking adds convenience, ensuring ease of access for residents and visitors alike. Situated in a friendly neighborhood with essential amenities nearby, including schools and local shops, this property not only holds appeal as a family home but as an investment opportunity in a growing community. With its solid foundation and ample space for improvement, this house invites those with vision to turn it into their ideal residence or capitalize on its rental potential. Don't miss out on exploring the possibilities this property has to offer.

Investment Analysis

(RM17 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£432/sq ft
Area Average
£388/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£326,285
10% above area average per sq ft
Potential ROI
-8.1%
After renovation
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
21%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 6.8%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on RM17 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

Salix Road, Grays
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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
£1,209
Based on a loan of £247,500 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.

Next Steps

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