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Barrett Way, South Ockendon, RM15 - Image 1
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Barrett Way, South Ockendon, RM15

London

£500,000

Listed on 29/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1281 sqft

Description

This modern detached family home, set in the widely sought-after Barrett Way development of Aveley, presents an excellent opportunity for renovation and investment. Built around 2014, this property boasts a contemporary design with appealing features, spacious interiors, and a semi-rural ambiance that is likely to attract growing families looking for long-term residence. The accommodation is well-proportioned and offers considerable potential for future enhancements such as extending the rear or utilizing the sizeable loft area—an ideal candidate for adding extra rooms (subject to planning permissions). With no immediate overlooking neighbours, you can enjoy pleasant countryside views from various vantage points of the home. The interior welcomes you with a generous L-shaped entrance hall that provides ample storage space. The standout through kitchen/dining room is particularly bright thanks to its dual aspects and includes modern integrated appliances. The adjoining utility room offers practical access to the garden. The lounge also benefits from a balanced layout ideal for both relaxation and entertainment. Upstairs, you'll find a spacious landing leading to four well-sized bedrooms, including one with a private balcony overlooking tranquil greenery—perfect for outdoor enjoyment. The family bathroom is modernly equipped, while the rear garden serves as a versatile outdoor space suitable for further landscaping or entertaining. With close proximity to local schools, transport links—including the A13 and M25—and amenities like Lakeside Shopping Centre, this property not only offers immediate comfort but also significant investment potential in a vibrant community.

Investment Analysis

(RM15 area)

Below Market Value

This property is priced -4.2% below area average per sq ft

-4.2%
Potential saving
This Property
£390/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£336
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£574,349
10% above area average per sq ft
Potential ROI
+6.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM15)

Area prices are rising by +3.4% over the last 12 months
3 year growth: +5.1%
5 year growth: +17.5%
Investment Disclaimer: Analysis based on RM15 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

Barrett Way, South Ockendon, RM15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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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