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Chestnut Avenue, Grays

London

£530,000
Listed on 19/02/2026

Property Details

Bedrooms
4
Type
Semi-detached house

Description

Nestled in one of North Grays' most desirable avenues, this attractive bay-fronted three-bedroom semi-detached home sits on a generous plot that presents a significant opportunity for renovation and improvement. The property features a traditional layout, with a welcoming entrance hall leading to both the kitchen and a spacious lounge/diner, the latter enhanced by a large bay window that overlooks the front driveway. Upstairs, you'll find three bedrooms, including two spacious doubles and a family shower room. While the home requires modernization, it offers an ideal blank slate for those looking to enhance its value and customize their living space. A notable highlight is the self-contained one-bedroom annexe located towards the rear of the garden. This separate space includes its own living area, kitchen, and shower room, making it perfect for multi-generational living, a home office, or an independent retreat for older children. The exterior boasts an impressive plot with ample off-street parking and an expansive rear garden that offers great potential for further development. Many nearby properties have been extended, and this home could follow suit with appropriate planning permissions in place. Situated within a sought-after residential area, this property presents an exciting chance to create a substantial family home with flexible living arrangements in one of Grays' established neighborhoods.

Investment Analysis

(RM16 area)
Area Average
£405/sq ft
Avg Rent (weekly)
£389
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
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
41%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +3.0%
5 year growth: +19.4%
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

Chestnut Avenue, Grays
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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
£1,912
Based on a loan of £397,500 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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