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The Rookery, Grays

London

£265,000
Listed on 27/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
776 sqft

Description

This two-bedroom end-of-terrace house presents a solid opportunity for investment in the sought-after area of West Thurrock, Grays. Nestled within the quaint Tunnel Cottages, this property enjoys close proximity to the bustling Lakeside Shopping Complex, convenient public transport options, and the West Thurrock Academy, making it an appealing choice for tenants and residents alike. Currently tenanted, the property generates an annual income of £11,400, providing immediate cash flow for potential investors. The interior features a kitchen/diner that is functional yet offers renovation potential to enhance its appeal. Both bedrooms are generously sized doubles, which could be further improved to maximize space and comfort. The lounge is adorned with coving and features an electric fireplace, contributing to a cozy atmosphere. Natural light floods through the UPVC double-glazed windows, ensuring a bright living environment throughout the day. One of the property's notable aspects is its driveway, which accommodates parking for up to three vehicles. This area holds promise for expansion or perhaps even the development of an additional dwelling, subject to obtaining necessary planning permissions. The outdoor space includes a rear garden with a patio area and lawn, offering a blank canvas for landscaping or redesign that can add value over time. With thoughtful updates and enhancements, this property has significant potential for appreciation in one of West Thurrock's desirable locations.

Investment Analysis

(RM20 area)

Below Market Value

This property is priced -10.7% below area average per sq ft

-10.7%
Potential saving
This Property
£341/sq ft
Area Average
£382/sq ft
Avg Rent (weekly)
£272
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£326,417
10% above area average per sq ft
Potential ROI
+10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (RM20)

Area prices are falling by +2.5% over the last 12 months
3 year growth: 9.0%
5 year growth: -3.1%
Investment Disclaimer: Analysis based on RM20 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

The Rookery, 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
£971
Based on a loan of £198,750 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