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Morgan Way, Rainham

London

£425,000
Listed on 23/04/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
1344 sqft

Description

This end-terraced home presents a valuable opportunity in a sought-after area of Rainham, featuring potential for expansion (subject to planning permission). It offers versatile living arrangements suitable for both families and first-time buyers. The ground floor comprises a spacious reception area and an extended kitchen designed for dining and entertaining, along with a convenient downstairs shower room. The upper level houses three well-sized bedrooms alongside a separate toilet, optimizing the layout for modern family needs. Externally, the property boasts side access leading to a private rear garden and two powered outbuildings—one currently utilized as a salon with running water, while the other serves as an ideal space for an office or additional storage. With on-street parking available for residents and guests alike, this home not only provides comfort but also holds significant renovation and investment potential in the long term. Being close to local amenities, schools, and transport links enriches its appeal further, ensuring comfort and convenience now with promising options for future enhancement.

Investment Analysis

(RM13 area)

Below Market Value

This property is priced -27.8% below area average per sq ft

-27.8%
Potential saving
This Property
£316/sq ft
Area Average
£438/sq ft
Avg Rent (weekly)
£446
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£647,170
10% above area average per sq ft
Potential ROI
+39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RM13)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +6.6%
5 year growth: +16.3%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-5.6% since listed
£425,000£25,000(-5.6%)
07/03/2026
Current price
£450,000Initial listing
31/12/2025

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