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South East
£290,000
Listed on 17/09/2026
Listed on 17/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
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.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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