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Northolme Close, Grays

London

£400,000
Listed on 16/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
914 sqft

Description

This three-bedroom semi-detached home is located in a quiet cul-de-sac off Premier Avenue in North Grays, presenting an excellent opportunity for renovation and investment. The property requires updating, making it perfect for buyers aiming to enhance its value and personalize their living space. Upon entering, you are greeted by an entrance porch that leads into a spacious lounge/diner, connecting seamlessly to a sunny south-facing garden—an inviting space for relaxation and gatherings. The expansive kitchen/diner holds significant potential for modernization and reconfiguration. Upstairs, there are three generously sized bedrooms complemented by a separate toilet and shower room, which facilitate family living needs effectively. The exterior is visually appealing, featuring a driveway with off-street parking and an integral garage, along with side access to the rear garden for added convenience. This property offers considerable scope for transformation in a desirable area, making early viewing advisable.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£438/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
£414,828
10% above area average per sq ft
Potential ROI
-5.7%
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

Northolme Close, Grays
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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
£1,417
Based on a loan of £300,000 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.

Stamp Duty Calculator

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