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Heath Road, Grays, Essex, RM16

London

£500,000

Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1700 sqft

Description

This spacious three-bedroom detached house, located in the desirable Orsett Heath area of Thurrock, presents an excellent opportunity for renovation and investment. The property features a welcoming entrance porch that opens into a broad reception hallway. The ground floor includes two sizable reception rooms that can be reimagined for modern living and a conservatory that invites plenty of natural light. The contemporary kitchen is equipped with integrated appliances, making it functional yet stylish; however, updates could enhance its appeal further. A downstairs WC adds convenience to the layout. Upstairs, you will find three generous bedrooms along with a four-piece family bathroom suite that while functional, could benefit from modernization. The outdoor space comprises a pleasant rear garden suitable for families or outdoor entertaining, complemented by a driveway and garage offering ample parking and storage potential—ideal for extending the home subject to planning approval. Set on the tranquil outskirts of Grays, this property allows easy access to the M25 and A13, making it perfect for commuters. With Lakeside Shopping Centre nearby, residents enjoy a variety of shopping and dining options within close reach. This home combines ease of living with room for improvement, making it an enticing prospect for those looking to create their dream property.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -29.1% below area average per sq ft

-29.1%
Potential saving
This Property
£294/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£375
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£775,676
10% above area average per sq ft
Potential ROI
+43.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM16)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +0.3%
5 year growth: +15.0%
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

Heath Road, Grays, Essex, RM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,784
Based on a loan of £375,000 over 30 years at 3.97% 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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