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Nethan Drive, Aveley, RM15 - Image 1
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Nethan Drive, Aveley, RM15

London

£375,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
708 sqft

Description

This three-bedroom mid-terraced home, located on Nethan Drive in Aveley, South Ockendon, presents a compelling opportunity for both first-time buyers and investors seeking a property with notable renovation potential. While the home is currently in good condition and ready for immediate occupancy, it also allows for future enhancements or expansions, pending necessary planning approvals. Upon entering the property, you are greeted by an entrance hall leading to the first floor. The spacious lounge at the front of the house features a charming fireplace and a large window that invites plenty of natural light, creating a welcoming space for relaxation. Moving towards the rear, you'll find a generously-sized kitchen diner that was updated two years ago. This area is equipped with practical cabinetry and includes useful amenities such as under-stairs storage and a cupboard housing the boiler. The layout of this space offers ample room for dining and the possibility to incorporate additional features like a ground floor WC. On the upper level, there’s access to a loft space and an additional storage cupboard from the landing. The master bedroom at the front is well-proportioned with built-in wardrobe space, while the second double bedroom overlooks the garden. The third bedroom is suited for use as a single room or can accommodate a small double bed comfortably. The family bathroom is fitted with modern fixtures including a bathtub, sink, and toilet; its rear-facing window allows for natural brightness. Outdoor living is equally appealing with a well-maintained rear garden that includes both patio space and lawn areas—ideal for children or outdoor activities. There are also two storage sheds and side access via a tunnel link. With adequate space available, there is potential for constructing an outbuilding or other enhancements in this versatile outdoor area. To enhance convenience, off-street parking is provided by a private driveway at the front of the property. The location offers significant advantages as well. Surrounded by green spaces that lend themselves to a semi-rural feel while remaining close to local amenities, residents can enjoy easy access to parks such as Kennington Park and Belhus Park within walking distance. Local shopping options include Budgens for everyday needs. Families will benefit from proximity to reputable schools; Kennington’s Primary Academy is approximately nine minutes away on foot, with Ormiston Park Academy just thirteen minutes’ walk. This property not only provides comfortable living arrangements but also holds excellent investment potential due to its condition and location—making it an attractive opportunity in today’s market.

Investment Analysis

(RM15 area)

Above Market Value

This property is priced +31.8% above area average per sq ft

+31.8%
This Property
£530/sq ft
Area Average
£402/sq ft
Avg Rent (weekly)
£345
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£313,078
10% above area average per sq ft
Potential ROI
-20.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM15)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 4.9%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on RM15 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

Nethan Drive, Aveley, RM15
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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