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Whitmore Avenue, Grays, RM16

London

£375,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
985 sqft

Description

Situated on the sought-after Whitmore Avenue in Grays, this three-bedroom terraced house presents a solid investment opportunity for those looking to put their personal touch on a property. While the home is currently well-maintained and features a modern fitted kitchen that caters perfectly to daily living and entertaining, there remains ample scope for further enhancement. The first floor hosts a contemporary bathroom with both a bath and separate shower, catering conveniently to family needs. The rear garden is not only well-kept but also offers significant potential for extension (subject to planning permissions), allowing future owners to increase both space and value. The property's location boasts proximity to local schools, retail outlets, and excellent transport links such as the A13, making it particularly appealing for commuters. This property is ideal for families or investors looking to capitalize on its renovation potential.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -7.7% below area average per sq ft

-7.7%
Potential saving
This Property
£381/sq ft
Area Average
£413/sq ft
Avg Rent (weekly)
£366
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£447,052
10% above area average per sq ft
Potential ROI
+7.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +1.7%
5 year growth: +15.7%
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

Whitmore Avenue, Grays, RM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 over 30 years at 3.91% 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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