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Schoolfield Way, Grays, Essex, RM20

London

£425,000
Listed on 05/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1443 sqft

Description

This four-bedroom townhouse presents a promising opportunity for renovation and investment, situated in a sought-after area with convenient access to major roadways like the M25 and A13, as well as the popular Lakeside Shopping Centre. The property spans three floors, allowing for flexible living arrangements that can be tailored to your specific needs. Upon entering, you’ll find a welcoming entrance hall, a WC, and a functional kitchen/diner on the ground floor. The first floor features two bedrooms, a shower room, and a cozy lounge space, making it ideal for both family living and entertaining. The top floor is dedicated to rest and relaxation with an additional two bedrooms, including the master suite complete with fitted wardrobes and an en-suite shower room. A family bathroom rounds out this level, providing ample facilities for daily use. Outside, the property boasts a private rear garden that offers potential for landscaping or outdoor enhancements. Additionally, there is an allocated parking space along with a garage that holds significant conversion possibilities subject to planning permission—ideal for those looking to maximize their investment. Grays itself is known for its vibrant community atmosphere and offers various amenities including shops, schools, and recreational facilities. With direct rail links into London Fenchurch Street from the nearby mainline station and easy access to significant transport routes, this location not only enhances daily convenience but also adds value to your investment potential. An internal viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(RM20 area)

Below Market Value

This property is priced -23.0% below area average per sq ft

-23.0%
Potential saving
This Property
£295/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£606,984
10% above area average per sq ft
Potential ROI
+25.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RM20)

Area prices are falling by +2.5% over the last 12 months
3 year growth: 9.0%
5 year growth: -3.1%
Investment Disclaimer: Analysis based on RM20 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

Schoolfield Way, Grays, Essex, RM20
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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
£1,557
Based on a loan of £318,750 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