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Chain Free With Three Bedrooms, A Garage And Huge Potential!

South East

£290,000

Listed on 17/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
811 sqft

Description

This three-bedroom terraced house presents an excellent opportunity for those looking to make their mark on a property. Offered chain free, the home is situated in the desirable Parkwood area of Rainham and provides approximately 811 sq ft of living space. The layout includes a spacious sitting/dining room, a kitchen with ample cupboard and worktop space, and a good-sized rear garden. The sitting/dining room, measuring approximately 16'9 x 13'1, is particularly inviting, offering defined areas for lounging and dining, enhanced by natural light from the windows and French doors that lead directly to the garden. Upstairs, the property features three bedrooms, including a main bedroom of approximately 13'1 x 10'5, a second bedroom around 10'5 x 10', and a third bedroom measuring about 8'5 x 8'. The family bathroom completes the accommodation. Outside, the rear garden enjoys a southerly aspect, providing a private space with a mix of lawn and patio, perfect for seating and entertaining. The front garden offers potential for off-road parking, subject to necessary permissions, and there is also a garage en bloc for additional parking or storage. Conveniently located near local amenities, schools, and transport links, this property is ideal for first-time buyers, young families, or anyone seeking a home with genuine renovation potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

46out of 100
Grade ELow opportunity

Confidence: MEDIUM

This three-bedroom terraced house in the popular Parkwood area of Rainham is a solid opportunity for those looking to personalize a home. Priced at £290,000, this asking figure is competitive, sitting just slightly below the local average at £358/sqft. The property, while dated and in need of updating throughout, offers a blank canvas for a new owner to make their mark, particularly in the kitchen and living spaces where there is notable potential for modernization.

The home features a generous sitting/dining room that benefits from ample natural light and direct access to a good-sized rear garden, enhancing its appeal for both relaxation and entertaining. The exterior and roof are in good condition, adding to the overall attractiveness of the property. However, it’s important to note that the combination of the asking price and the estimated renovation costs, which range from £40,000 to £80,000, results in overall costs being stretched against local benchmarks. This presents a challenge in terms of future value, as the all-in costs would exceed the current average local value, indicating limited potential for profit without significant investment in renovations.

Key opportunities

  • Good-sized rear garden with potential for landscaping and outdoor living space.
  • Generous sitting/dining room that can be reconfigured for modern living.
  • Opportunity to create off-road parking at the front, enhancing convenience.

Key risks

  • Overall costs may exceed local value benchmarks due to the combined asking price and renovation range.
  • Total commitment could reach about £350,000 all-in — £60,000 of works on top of the asking price — around 17% above what similar-sized stock commands locally today; we have not assumed a post-renovation resale figure.

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Chain Free With Three Bedrooms, A Garage And Huge Potential!
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,096
Based on a loan of £217,500 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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