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Rookery View, Grays, Essex, RM17

London

£440,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow is situated on a generous corner plot, presenting notable renovation opportunities. With a spacious layout, the property could be transformed into a modern living space while retaining its charming character. It boasts ample outdoor space along with off-street parking and a garage, making it an appealing prospect for those looking to invest in enhancements or expansions. Upon entry, you are greeted by an entrance hallway featuring a leaded light window that fills the area with natural light. The layout includes three well-proportioned bedrooms, each needing some cosmetic updates but offering the potential for personalization. The first bedroom features built-in wardrobes and a bay window that can be revitalized for enhanced appeal. The main lounge area provides a comforting environment with its textured ceiling and fireplace, perfect for creating a cozy atmosphere. Large windows let in plenty of sunlight, ensuring the space feels welcoming. The expansive kitchen/breakfast room is another highlight; it offers sliding patio doors that lead to the rear garden, creating an ideal flow between indoor and outdoor spaces. This area could benefit from modernization to truly reflect contemporary tastes while preserving functionality. Additionally, there are two shower rooms within the property which require updates but offer essential facilities for family living or guests. Each bathroom features necessary amenities like low-flushing toilets and shower cubicles. The conservatory introduces yet another versatile space that can serve multiple purposes—whether as a sunroom or additional living area—and has direct access to the sizeable garden that surrounds the bungalow. This outdoor area is characterized by mature shrubs and trees, providing both privacy and potential for further landscaping or even expansion. Located close to local amenities, this property benefits from easy access to shops, parks, and transportation links. Its position on a prominent corner plot allows for creative landscaping and development opportunities that can significantly enhance both its aesthetic appeal and market value. Overall, this bungalow presents an encouraging prospect for buyers interested in investing in renovations to create their ideal home or capitalize on rental potential in a desirable location.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Rookery View, Grays, Essex, RM17
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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
£1,612
Based on a loan of £330,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE