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Laird Avenue, Grays

London

£425,000

Listed on 02/07/2026

Property details

Bedrooms
4
Type
Semi Detached Bungalow
Area
1268 sqft

Description

Situated in Blackshots, this four-bedroom chalet bungalow presents a unique opportunity for buyers looking to invest in a property with considerable renovation potential. While the home is chain-free and ready for immediate occupation, it offers extensive possibilities for extension and modernization over time. The flexible layout includes two bedrooms on the ground floor and two additional bedrooms upstairs, with the modernized shower room on the ground floor featuring a spacious walk-in design. The kitchen opens into the living and dining areas, creating a comfortable living space with potential to reconfigure into an expansive open-plan area by extending at the rear (subject to planning permissions). The property's south-facing garden includes a garage and workshop with rear access, perfect for those needing extra storage or workspace. Additionally, driveway parking provides convenient access to the front of the house. Local schools, shops, and amenities are readily accessible, making this an appealing location for families and investors alike.

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Investment analysis

(RM16 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£335/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£388
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£578,424
10% above area average per sq ft
Potential ROI
+21.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM16)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +0.3%
5 year growth: +13.1%
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

Laird Avenue, Grays
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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

Next Steps

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