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Hogg Lane, Grays, RM17

London

£220,000
Listed on 19/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
707 sqft

Description

This ground floor property, built in 2004, offers a compelling opportunity for renovation and personalization. It features a secure gated entrance leading to a spacious communal car park and green areas, enhancing the appeal of the property. The interior currently requires some cosmetic improvements which allow for customization according to individual preferences. This makes it particularly suitable for first-time buyers or investors looking to make enhancements before renting. The accommodation includes a generous lounge diner illuminated by two front-facing windows, an integral kitchen equipped with fitted units and space for appliances, as well as two well-sized double bedrooms. The master bedroom benefits from an ensuite bathroom while the second bedroom shares access to a main three-piece bathroom. Additionally, there is ample storage available within the hall cupboard. Conveniently located just a short distance from essential amenities such as Morrisons supermarket and Grays shopping centre, this property also affords easy access to transport links including Grays station and major roadways like the M25 and A13. The current lease stands at 78 years with the possibility of extension included in negotiations, making this property not only a living space but an investment with potential value increases through renovations.

Investment Analysis

(RM17 area)

Below Market Value

This property is priced -18.7% below area average per sq ft

-18.7%
Potential saving
This Property
£311/sq ft
Area Average
£383/sq ft
Avg Rent (weekly)
£319
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£297,548
10% above area average per sq ft
Potential ROI
+21.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +4.2%
5 year growth: +21.4%
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

Hogg Lane, Grays, RM17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £165,000 over 30 years at 4.06% 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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