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Victoria Avenue, Grays, RM16

London

£475,000
Listed on 03/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1877 sqft

Description

This three-bedroom detached residence, located in the desirable Avenues area of North Grays, presents a prime opportunity for investors and families looking to create their ideal home. The property boasts considerable living space that can effortlessly be transformed into a four or five-bedroom layout, catering to various living requirements. Upon entering, you are greeted by an inviting entrance hall leading into a spacious through lounge and dining area that connects to a bright conservatory—an ideal spot for entertaining guests or enjoying family time. The generous kitchen diner, featuring a breakfast bar, promotes an engaging environment for daily activities and also includes a utility room for added convenience. Notably, there are two modern shower rooms and a large garage that holds great potential for conversion (subject to appropriate permissions) into additional living space. Upstairs features three sizeable double bedrooms alongside a well-appointed family bathroom. The expansive rear garden offers ample outdoor space that not only enhances current enjoyment but also provides opportunities for future extensions or enhancements. Situated on the popular Victoria Avenue, this home is within close proximity to top local schools, various amenities, and excellent transport links with straightforward access to London. Additionally, Lakeside Shopping Centre is nearby for shopping and entertainment needs. This property represents an outstanding chance to invest in a high-demand area where homes such as this tend not to linger on the market.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -37.8% below area average per sq ft

-37.8%
Potential saving
This Property
£253/sq ft
Area Average
£407/sq ft
Avg Rent (weekly)
£360
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£840,539
10% above area average per sq ft
Potential ROI
+51.4%
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
37%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 3.8%
5 year growth: 20.8%
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

Victoria Avenue, 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
£1,740
Based on a loan of £356,250 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