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Douglas Close, Chafford Hundred, Grays, RM16

London

£470,000
Listed on 11/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1270 sqft

Description

This three-bedroom detached home presents a solid investment opportunity in the desirable Chafford Hundred area. With its off-street parking for up to three vehicles and a welcoming entrance hall, this property offers ample space that can be reimagined to suit modern living needs. The open-plan living and dining area is a versatile canvas, perfect for family gatherings or entertaining guests. Adjoining this space is a spacious kitchen/diner equipped with a breakfast bar, which could benefit from contemporary upgrades to enhance functionality. The rear conservatory floods the home with natural light and offers picturesque views of the garden, presenting an ideal opportunity for creating a tranquil retreat. The ground floor includes practical features such as a guest WC and a generous garage suitable for storage or conversion into additional living space. Upstairs, the layout boasts three well-sized bedrooms, with the principal suite offering an en-suite bathroom. The potential for loft conversion could transform this property into a four or five-bedroom residence, significantly increasing its value (subject to planning approval). Externally, the expansive garden provides excellent outdoor space for play or entertainment, making it an attractive feature for families. Situated close to reputable schools and convenient transport links to London via C2C services, as well as proximity to amenities like Lakeside Shopping Centre, this property is perfectly positioned for both comfortable living and future enhancements.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -8.5% below area average per sq ft

-8.5%
Potential saving
This Property
£370/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£389
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£565,296
10% above area average per sq ft
Potential ROI
+8.7%
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

Douglas Close, Chafford Hundred, Grays, 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
£1,695
Based on a loan of £352,500 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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