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Heathview Road, Grays, RM16

London

£400,000
Listed on 13/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
881 sqft

Description

This two-bedroom semi-detached bungalow presents an exceptional opportunity for those looking to invest in a property with significant renovation potential. Nestled on a spacious plot, this home is primed for transformation. The possibility of a loft conversion (subject to necessary planning permissions) opens the door to creating additional living space, making it ideal for modern family needs or as a chic retreat. Inside, the home features two well-lit bedrooms that serve as peaceful retreats, alongside a functional family bathroom. The sizable kitchen-diner acts as the heart of the house, suitable for everyday meals and social gatherings. The adaptable lounge area offers versatility, perfect for both relaxed evenings at home and hosting friends. The outdoor space complements the indoor living with a generous garden, providing ample scope for enhancements such as rear extensions or landscaping projects to elevate outdoor enjoyment. The potential here extends beyond mere cosmetic updates—considering a more open-plan design or modern upgrades could greatly enhance both functionality and aesthetic appeal. Located within reach of essential amenities and the vibrant Lakeside Shopping Centre, this property benefits from convenient transport links into London, making it an attractive choice for commuters. This bungalow serves as more than just a dwelling; it is a canvas awaiting your vision—be it adding extra bedrooms, creating an office space, or simply refreshing the existing interiors. This is an opportunity not to be missed for those ready to shape their vision into reality.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +12.2% above area average per sq ft

+12.2%
This Property
£454/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£389
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£392,146
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +3.0%
5 year growth: +19.4%
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

Heathview Road, Grays, RM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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