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Fairfield Avenue, Grays, RM16

London

£525,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1150 sqft

Description

This three-bedroom bungalow, which has already been extended, presents an excellent opportunity for those looking to invest in a property with significant potential for further enhancement. The spacious layout includes an open-plan kitchen designed for both dining and entertaining, alongside three generous double bedrooms and a well-sized family bathroom. The expansive rear garden offers serene countryside views, ideal for creating an outdoor retreat. With off-street parking available for multiple vehicles at the front, this property is well-suited for families. Importantly, the loft space mirrors the size of the ground floor, hinting at the possibility (subject to planning permission) of expanding living accommodations further. Situated in a desirable area with good access to local amenities and transport links into London, this home is perfect for buyers seeking a project that combines comfort with future resale value.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +11.9% above area average per sq ft

+11.9%
This Property
£457/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£516,247
10% above area average per sq ft
Potential ROI
-8.6%
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

Fairfield Avenue, Grays, RM16
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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
£1,893
Based on a loan of £393,750 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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