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Prospect Place, Grays

London

£200,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom end-of-terrace house is situated on a quiet no-through road, just a short 10-minute walk from Grays town center and the C2C main line railway station. The location offers convenient access to local amenities, making it ideal for both homeowners and investors. The property presents a unique opportunity for renovation and investment, as it is in need of updating. This presents the potential to enhance the living space and increase its market value. With two well-proportioned bedrooms, a lounge, dining room, kitchen, and a bathroom, the layout allows for versatile living arrangements that could be further improved with modern touches. Given the growing demand for housing in this area, this property holds significant investment potential. Whether you are looking for a starter home or an addition to your rental portfolio, this house offers a solid foundation for future development. Though the property requires some work, its solid structure suggests that with thoughtful renovations, it could be transformed into a desirable residence in an increasingly sought-after location. This could appeal to first-time buyers seeking to make their mark or savvy investors looking to capitalize on future growth in the area. Overall, this property not only provides essential living space but also presents an exciting project for those willing to invest time and effort into making it shine.

Investment Analysis

(RM17 area)
Area Average
£388/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.8%

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
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

Prospect Place, 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
£733
Based on a loan of £150,000 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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