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Oakway, Grays, RM16

London

£425,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
841 sqft

Description

This three-bedroom semi-detached home, situated on the desirable Oakway in Grays, presents an excellent opportunity for renovation and investment. While the property is currently in good condition, there is notable potential to enhance the interior spaces and expand upon them. The off-street parking for two vehicles adds convenience right from the start. Inside, a spacious lounge/dining area offers a flexible layout that can be adapted to modern tastes or opened up further for a more open-plan feel. The kitchen provides ample storage but could benefit from modernization to meet today's standards. The garden at the rear is sizeable, providing an ideal environment for landscaping or outdoor entertainment improvements. The first floor features three well-sized bedrooms alongside a modern family bathroom, but the real value lies in the loft space that offers conversion possibilities (subject to planning consent), allowing future owners to create additional living quarters. This property is ideally located near reputed schools and transport links into London, making it perfect for families and commuters looking for long-term investment potential in a competitive area.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +22.2% above area average per sq ft

+22.2%
This Property
£505/sq ft
Area Average
£414/sq ft
Avg Rent (weekly)
£400
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£382,668
10% above area average per sq ft
Potential ROI
-16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (RM16)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -0.2%
5 year growth: +14.1%
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

Oakway, Grays, RM16
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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
£1,606
Based on a loan of £318,750 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.

Stamp Duty Calculator

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