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Prospect Place, Grays

London

£180,000
Listed on 23/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom end-of-terrace house offers a promising opportunity for renovation and investment, situated on a quiet no-through road just a short walk from Grays town centre and the C2C railway station. The property is currently in need of updating, making it an ideal project for first-time buyers or investors looking to add value. With its practical layout, comprising a lounge, dining room, compact kitchen, and essential bathroom, there is ample scope to modernize and enhance the living space. Each bedroom is generously sized, allowing for potential reconfiguration if desired. Given its location and the demand for housing in the area, this property holds great promise for those willing to invest time and resources into refurbishment.

Investment Analysis

(RM17 area)
Area Average
£383/sq ft
Avg Rent (weekly)
£319
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Prospect Place, Grays
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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
£649
Based on a loan of £135,000 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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