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10 Gipsy Lane, Grays, Essex, RM17 6EE

London

£190,000
Listed on 26/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This freehold two-bedroom terraced house presents a solid investment opportunity in the vibrant heart of Grays, boasting proximity to the town centre and a variety of local amenities, including shops and schools. The property is currently vacant and offers potential for refurbishment, making it suitable for both buy-to-let investors and prospective owner-occupiers looking to personalize their next home. While the layout includes a living room, an irregularly shaped kitchen, a shower room, and two bedrooms, the house requires some modernisation. Notably, previous structural damage caused by a World War II bomb has been reported, with further details available in the legal pack. With careful planning and renovation, this property can be transformed into a desirable residence or rental unit.

Investment Analysis

(RM17 area)
Area Average
£387/sq ft
Avg Rent (weekly)
£316
Avg Yield
5.1%

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
24
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +3.7%
5 year growth: +18.3%
Investment Disclaimer: Analysis based on RM17 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

10 Gipsy Lane, Grays, Essex, RM17 6EE
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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
£685
Based on a loan of £142,500 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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