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Blackshots Lane, Grays, Essex, RM16 - Image 1
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Blackshots Lane, Grays, Essex, RM16

London

£375,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1122 sqft

Description

This link detached bungalow presents a fantastic opportunity for those willing to invest time and resources into modernising a property with terrific potential. Located in the popular Blackshots area of North Grays, buyers can take advantage of the spacious layout that includes two bedrooms, a versatile room that could function as a third bedroom or office, and two reception areas. The internal space, which also features a kitchen and bathroom, is well-proportioned yet in need of some enhancement to meet contemporary standards. Furthermore, there is significant potential to extend or convert the property (subject to planning permission), making it an appealing choice for long-term investment. Externally, the larger-than-average rear garden offers possibilities for outdoor development or landscaping, while off-street parking and a garage add practicality. With no onward chain and situated close to local amenities, this property is ripe for transformation into a stylish home tailored to your preferences.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -17.4% below area average per sq ft

-17.4%
Potential saving
This Property
£334/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£389
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£499,419
10% above area average per sq ft
Potential ROI
+20.3%
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
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

Blackshots Lane, Grays, Essex, RM16
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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
£1,352
Based on a loan of £281,250 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.

Next Steps

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