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Morgan Way, Rainham

London

£450,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1344 sqft

Description

This end-terrace home, located in a sought-after area of Rainham, presents a significant opportunity for renovation and expansion, particularly with the potential for side extension subject to planning permission (STPP). The property features side access and two powered outbuildings, making it ideal for those looking to enhance its value through renovation or conversion projects. On the ground floor, you'll find a spacious reception area alongside an extended kitchen that's well-equipped for both cooking and dining needs. A downstairs family bathroom adds convenience. The upper level comprises three generously sized bedrooms and an additional toilet, perfectly aligning with modern living requirements. Externally, you benefit from both side and rear access leading to your private garden, while the outbuildings offer versatile uses; one serves as a salon with power and water connections, while the other is suitable for use as a home office or utility space. Additionally, on-street parking is available for residents and guests alike. With close proximity to amenities, schools, and transport links, this property not only provides immediate comfort but also holds substantial future investment potential. It is an excellent choice for families or first-time buyers looking to make their mark in a thriving community.

Investment Analysis

(RM13 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£335/sq ft
Area Average
£431/sq ft
Avg Rent (weekly)
£443
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£637,782
10% above area average per sq ft
Potential ROI
+30.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (RM13)

Area prices are rising by +6.5% over the last 12 months
3 year growth: +7.1%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on RM13 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

Morgan Way, Rainham
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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
£1,623
Based on a loan of £337,500 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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