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Spencer Road, Rainham

London

£325,000

Listed on 07/07/2026

Property details

Bedrooms
2
Type
Semi Detached Bungalow
Area
765 sqft

Description

This property presents a prime opportunity for those looking to invest in a renovation project. Featuring two spacious double bedrooms at the front and a lounge that flows seamlessly into a practical utility area, the layout is functional yet in need of full modernization. The kitchen, located at the rear, overlooks an overgrown garden that offers immense potential for landscaping and outdoor enhancements. With necessary planning permissions, there’s also the exciting possibility for extension or redevelopment. Off-street parking adds to the practicality of this home, situated within easy reach of local schools, shops, and transport links. This property is being sold as seen, making it an ideal canvas for investors or buyers ready to create their vision.

Investment analysis

(RM13 area)

Below Market Value

This property is priced -2.5% below area average per sq ft

-2.5%
Potential saving
This Property
£425/sq ft
Area Average
£436/sq ft
Avg Rent (weekly)
£417
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£366,684
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (RM13)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +8.1%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on RM13 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

Spencer Road, Rainham
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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
£1,228
Based on a loan of £243,750 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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