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Carrowmore Close. Grays, RM20

London

£450,000
Listed on 18/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
934 sqft

Description

This three-bedroom modern residence presents a unique opportunity for renovation and investment, situated in a desirable lakeside area just moments from Lakeside Shopping Centre. Upon arrival, you'll appreciate the convenience of off-street parking and the solid structure of this home. Entering the property reveals a spacious layout that currently features a cloakroom and an expansive kitchen with good worktop and storage space—ideal for family life or entertaining guests. The living area extends into a generous garden, which holds potential for further enhancement to create an outdoor oasis. The upper level hosts three well-proportioned bedrooms and a family bathroom, all ready for updates that mirror current design trends. Furthermore, the loft offers significant potential for conversion into additional bedrooms (subject to planning permission), making it a lucrative option for buyers looking to maximize the property's value. With its proximity to reputable schools, efficient transport links to London, and essential amenities close by, this property is poised to attract families, professionals, and savvy investors exploring the local market. While it is currently in good condition, strategic renovations could elevate both comfort and market appeal. This is an exceptional chance to tailor a home that meets personal desires while enhancing overall investment potential.

Investment Analysis

(RM20 area)

Above Market Value

This property is priced +22.3% above area average per sq ft

+22.3%
This Property
£482/sq ft
Area Average
£394/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£404,590
10% above area average per sq ft
Potential ROI
-16.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (RM20)

Area prices are falling by -5.6% over the last 12 months
3 year growth: +12.8%
5 year growth: -1.4%
Investment Disclaimer: Analysis based on RM20 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

Carrowmore Close. Grays, RM20
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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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