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Prospect Place, Grays

London

£180,000
Listed on 02/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom end-of-terrace house presents a solid opportunity for both first-time buyers and investors looking to make their mark. Nestled in a quiet cul-de-sac, the property is conveniently located just a short walk from Grays town centre and the C2C mainline railway station. While it currently requires updating, this allows new owners to tailor spaces to their taste and potentially enhance property value. The layout includes a lounge, dining room, kitchen, bathroom, and two well-sized bedrooms along with a modest rear garden. The potential for modernization here is significant, making it an appealing choice for those with vision.

Investment Analysis

(RM17 area)
Area Average
£387/sq ft
Avg Rent (weekly)
£316
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +3.7%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on RM17 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

Prospect Place, 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
£649
Based on a loan of £135,000 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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