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Preston Gardens

East of England

£400,000
Listed on 02/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
764 sqft

Description

Nestled discreetly off Down Hall Road, this detached bungalow offers an exciting chance for investors or homeowners aiming for a single-storey lifestyle in Rayleigh. Occupying the most substantial plot on the street, the property features ample outdoor space, ideal for potential extensions or reconfiguration with the appropriate planning consents. The garden's generous size and mature landscaping provide a canvas for enhancement, making it attractive for those looking to create their ideal outdoor retreat. The bungalow is set back with a sizeable frontage that ensures privacy while being conveniently close to local amenities. It includes off-street parking for three vehicles and presents an opportunity to expand parking options if necessary. A detached garage adds further prospects but will require refurbishment. With Rayleigh Station and High Street within walking distance, this property combines spacious accommodation with excellent accessibility, appealing to both downsizers seeking convenience and young families searching for growth opportunities.

Investment Analysis

(SS6 area)

Above Market Value

This property is priced +25.3% above area average per sq ft

+25.3%
This Property
£524/sq ft
Area Average
£418/sq ft
Avg Rent (weekly)
£359
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£351,119
10% above area average per sq ft
Potential ROI
-20.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (SS6)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +1.2%
5 year growth: +13.7%
Investment Disclaimer: Analysis based on SS6 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

Preston Gardens
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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
£1,443
Based on a loan of £300,000 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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