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South Manor, Grays

London

£600,000
Listed on 07/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
807 sqft

Description

Nestled on the desirable Marshfoot Road, this property represents a compelling opportunity for buyers and investors aiming to harness its considerable potential. Set upon a generous plot, the existing dwelling provides an excellent foundation for refurbishment, expansion, or even full redevelopment (subject to obtaining appropriate planning permissions). The structure currently features spacious rooms with a versatile layout that can be modernized or reconfigured to create a stylish family home. The size and positioning of the plot further enhance prospects, making it suitable for both extensions and larger-scale development projects (STPP). Outside, the property offers significant outdoor space, presenting possibilities to enhance the building's footprint or improve the garden areas to increase overall value. Located conveniently on Marshfoot Road, it grants easy access to local amenities and transport options, along with proximity to green spaces—making it an appealing choice for future residents or tenants alike. This property stands as a rare find in a well-established residential area for those ready to invest in its renovation or development potential.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +82.2% above area average per sq ft

+82.2%
This Property
£743/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£362,270
10% above area average per sq ft
Potential ROI
-46.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

South Manor, 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
£2,164
Based on a loan of £450,000 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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