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St Michaels Road, Grays, RM16

London

£350,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

Situated in the vibrant community of Chadwell Saint Mary, this end-of-terrace three-bedroom home presents a solid foundation for renovation and investment opportunities. The property showcases a well-maintained exterior, complete with a tidy front lawn that enhances its appeal. Upon entering, you’ll find a spacious lounge/kitchen area that serves as the heart of the home. This open layout is conducive to modern family life, offering ample space for both daily activities and gatherings. Additionally, a dedicated utility room enhances functionality, and a conveniently placed ground-floor toilet adds to the home's practicality. The upper level features three generously sized bedrooms, each filled with natural light, making them ideal for relaxation or work-from-home setups. A family bathroom on this floor provides the necessary amenities for daily routines. For those considering future renovations, the loft space offers an exciting opportunity for expansion or customization, pending local planning approvals. Outside, the rear garden presents potential for transformation into an inviting outdoor area, perfectly suited for leisure or entertainment. The location is complemented by proximity to local schools, shops, parks, and excellent transport links, all contributing to an appealing living environment. This property not only offers comfortable living but also significant potential for growth through renovation efforts. Given its desirable location and existing features, it stands as a noteworthy investment opportunity in today’s market.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£383/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£364
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£408,337
10% above area average per sq ft
Potential ROI
+8.9%
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
13%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 3.2%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on RM16 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

St Michaels Road, Grays, RM16
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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
£1,282
Based on a loan of £262,500 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