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Mardale Close, Rainham, - Image 1
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Mardale Close, Rainham,

South East

£250,000
Listed on 27/02/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This property stands as a promising opportunity for renovation enthusiasts or investors, offering a spacious 850 sq. ft. layout that is currently in need of extensive updating. Comprising two reception rooms, a kitchen, three well-sized bedrooms, a family bathroom, and a separate W.C., the current configuration allows for potential reimagining to meet modern living preferences. Located on Mardale Close, this home benefits from proximity to Rainham mainline railway station, providing excellent transport links to London and beyond. Additionally, families will find various educational institutions nearby, making school runs more manageable. Externally, the property includes a garage en bloc, ideal for off-street parking or storage—an asset in today's market. The front and rear gardens offer plenty of scope for landscaping and outdoor enhancements, enabling buyers to create enjoyable spaces for leisure. Notably, the home requires significant improvements throughout, including the urgent replacement of the condemned boiler serving the heating and hot water systems. This situation may affect its mortgage eligibility until rectified. With vision and commitment to renovations, future owners can turn this property into a stylish family residence while achieving considerable value appreciation.

Investment Analysis

(ME8 area)
Area Average
£354/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.3%

Renovation Potential

Heavy 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
49
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (ME8)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -0.2%
5 year growth: +17.8%
Investment Disclaimer: Analysis based on ME8 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

Mardale Close, Rainham,
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Mortgage Calculator

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£
£
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%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 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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