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St. Francis Way, Grays, RM16 4PD

London

£320,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1025 sqft

Description

This three-bedroom family home presents an excellent opportunity for renovation and modern living in a sought-after locale. While off-street parking and a generous 44ft west-facing garden provide appealing outdoor space, the interior requires a comprehensive refresh to unlock its full potential. The hall features original charm with a staircase leading to the first floor, while the living room boasts a bow window and decorative fireplace that could be revitalized. The adjoining conservatory offers access to the garden, making it ideal for entertaining or relaxation. The kitchen is functional but would benefit from modern upgrades and new appliances. Each of the bedrooms includes built-in wardrobes and ample natural light, providing a solid foundation for comfortable living. The bathroom and separate WC present further opportunities for modernization. As this property is vacant, it’s ready for immediate transformation into a desirable family home or an investment asset.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -23.5% below area average per sq ft

-23.5%
Potential saving
This Property
£312/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£460,133
10% above area average per sq ft
Potential ROI
+21.1%
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

St. Francis Way, Grays, RM16 4PD
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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
£1,154
Based on a loan of £240,000 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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