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Blackshots Lane, Grays, RM16

London

£460,000
Listed on 22/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
996 sqft

Description

This two-bedroom detached bungalow, situated on a corner plot in the sought-after Blackshots Lane area, presents a promising investment opportunity with notable renovation potential. The property showcases ample off-street parking for three to four vehicles and greets you with a spacious entrance hall that introduces the well-thought-out layout. Inside, discover two generously sized double bedrooms, complemented by a versatile through lounge that seamlessly connects to a bright conservatory, ideal for harnessing natural light. The kitchen is functional and offers convenient space for everyday living needs, alongside a family bathroom that rounds out the interior. The garden at the rear is well-maintained, providing a peaceful retreat outdoors, while the larger garage enhances storage capabilities. With potential planning permissions, there exists an exciting opportunity to expand upwards into a three to five bedroom chalet bungalow, significantly increasing both livable space and property value. Conveniently located near local amenities and transport links to London, this property strikes an appealing balance between quiet suburban life and accessible city connections.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +13.2% above area average per sq ft

+13.2%
This Property
£462/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
£447,114
10% above area average per sq ft
Potential ROI
-14.0%
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

Blackshots Lane, 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
£1,659
Based on a loan of £345,000 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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