Worst House on the Street Logo
The Close, Grays, RM16 - Image 1
The Close, Grays, RM16 - Image 2
The Close, Grays, RM16 - Image 3
The Close, Grays, RM16 - Image 4
The Close, Grays, RM16 - Image 5
The Close, Grays, RM16 - Image 6
The Close, Grays, RM16 - Image 7
The Close, Grays, RM16 - Image 8
The Close, Grays, RM16 - Image 9
The Close, Grays, RM16 - Image 10
The Close, Grays, RM16 - Image 11

The Close, Grays, RM16

London

£450,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
944 sqft

Description

Nestled in a peaceful and desirable close in Grays, this three-bedroom detached bungalow presents an opportunity for buyers looking for single-level living with potential for modernisation and enhancement. The property features a central hallway that connects to a generously sized living room (18’2 x 12’5), perfect for both relaxation and social gatherings. The kitchen serves as a hub, leading into a versatile third bedroom or dining area, adaptable to your needs as an office space or guest accommodation. Two additional bedrooms offer comfortable living quarters, complemented by a family bathroom and separate WC for convenience. The exterior boasts a well-cared-for front garden with mature hedges and a sizeable block-paved driveway providing ample parking. The rear garden is private and presents significant potential for landscaping or even extension (subject to planning consent). This location is highly regarded due to its proximity to Grays town centre, various amenities, schools, and major transport routes including the A13 and M25. With no onward chain, this bungalow represents an attractive investment for those looking to update or reconfigure their home in an enviable setting.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +16.8% above area average per sq ft

+16.8%
This Property
£477/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£423,771
10% above area average per sq ft
Potential ROI
-15.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +2.2%
5 year growth: +17.6%
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

The Close, Grays, RM16
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates