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Highfield Gardens, Grays, RM16 2NU - Image 1
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Highfield Gardens, Grays, RM16 2NU

London

£375,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1140 sqft

Description

Nestled on a quiet residential street in North Grays, this two-bedroom semi-detached bungalow represents a solid investment opportunity for those interested in renovation projects. The property is primed for modern updates, allowing new owners to enhance its charm while tailoring it to their personal tastes. Inside, the layout features a welcoming entryway that flows into a hallway leading to a cozy lounge area, complete with a feature fireplace that serves as a focal point. Adjacent to the lounge is a separate dining space that connects to a conservatory at the back of the home, providing potential for increased living space and natural light. The kitchen retains its traditional appeal with wooden cabinetry, though it could benefit from contemporary upgrades. The two bedrooms offer ample space; the primary bedroom includes fitted wardrobes for convenient storage, while the second bedroom boasts a bay window that enhances its brightness. A shower room equipped with essential fixtures rounds out the interior spaces. On the exterior, the property features a block-paved driveway providing off-street parking alongside a garage. The generous 60ft rear garden presents an opportunity for landscaping or outdoor projects, adding value to the property. With its functional layout and promising renovation potential combined with proximity to local amenities, this bungalow is well-suited for investors looking to create value through thoughtful upgrades.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£329/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£364
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£508,748
10% above area average per sq ft
Potential ROI
+24.1%
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
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

Highfield Gardens, Grays, RM16 2NU
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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
£1,374
Based on a loan of £281,250 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