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Jesmond Road, Grays, RM16 2QS

London

£300,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1083 sqft

Description

This three-bedroom terraced house in North Grays presents a compelling opportunity for both first-time buyers and seasoned property investors. The home is in need of considerable refurbishment, making it an ideal project for those with vision. Conveniently located away from busy traffic on a walkway, the property features a modest front garden. The entrance opens into a hallway that leads to a 145-square-foot lounge, which boasts a fireplace and gas fire, perfect for creating an inviting family space. At the rear, the kitchen-diner spans 176 square feet and has enough room for a fitted kitchen layout along with dining facilities, while French doors lead out to a south-facing garden. Upstairs, the layout consists of three bedrooms along with a separate bathroom and WC. The master bedroom is generously sized (approximately 10ft x 12ft) and overlooks a green area at the front of the house. The second bedroom offers natural light from its southerly aspect and includes built-in wardrobes, whereas the third bedroom serves as either a cozy single room or potential home office. The rear garden measures around 45 feet, featuring a small decking area and access to an external workshop—offering possibilities for storage or conversion into additional living space. There's also ample outdoor space including a lawn and storage shed for gardening needs. Rear access through large gates provides convenient parking options via the garage/carport that stretches over 18 feet. While modernisation is necessary throughout this property, it holds significant potential as either a delightful family home or as an investment property in the competitive buy-to-let market. With no onward chain, it is ready for quick occupancy; viewings are available by appointment.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -31.7% below area average per sq ft

-31.7%
Potential saving
This Property
£277/sq ft
Area Average
£406/sq ft
Avg Rent (weekly)
£364
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£483,310
10% above area average per sq ft
Potential ROI
+42.2%
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

Jesmond Road, Grays, RM16 2QS
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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
£1,099
Based on a loan of £225,000 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