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Grove Road, Rayleigh, Essex, SS6 - Image 1
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Grove Road, Rayleigh, Essex, SS6

East of England

£360,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
867 sqft

Description

This three-bedroom semi-detached bungalow offers a solid foundation for those looking to invest in a property with considerable renovation potential. Conveniently situated just a short drive from the bustling High Street, this home features a garage and an independent driveway, making it easily accessible. Inside, the layout includes a lounge, kitchen, sunroom, and shower room. While the property is in need of sympathetic modernization, this presents a unique opportunity for buyers to customize the space to fit their style and needs. This blank canvas allows for creative redesigns that can enhance both functionality and aesthetic appeal. The surrounding area boasts a diverse selection of shops and restaurants along Rayleigh High Street, as well as local pubs and bars for entertainment. Additional amenities include nearby parks for outdoor activities and easy access to public transport with a railway station offering connections to London and Southend. This property not only provides comfortable living but also represents a promising investment opportunity in a sought-after location, making it ideal for those looking to capitalize on renovation projects or to create their perfect home.

Investment Analysis

(SS6 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£415/sq ft
Area Average
£416/sq ft
Avg Rent (weekly)
£321
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£396,978
10% above area average per sq ft
Potential ROI
+1.8%
After renovation
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
14%
Properties sold annually

Local Market Trend (SS6)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 1.8%
5 year growth: 16.5%
Investment Disclaimer: Analysis based on SS6 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

Grove Road, Rayleigh, Essex, SS6
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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
£1,319
Based on a loan of £270,000 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