Clarence Road, Grays
London
£375,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
Property details
Bedrooms
3Type
End Of TerraceFeatures
- Garden
- HMO
Description
This chain-free three-bedroom end-of-terrace house is within walking distance of Grays station and is currently used as an HMO. The listing describes it as requiring updating, with scope to adapt the accommodation to suit a buyer’s needs, subject to any necessary permissions.
The ground floor includes a lounge and a kitchen with space for appliances, alongside a bathroom. Upstairs are three bedrooms and a landing with fitted cupboards. The property also has a rear garden and a front bay window.
Grays offers local shops, restaurants and leisure facilities, with road links to the A13. The station provides rail connections towards London. The house may suit a buyer seeking an established HMO arrangement or a property to modernise; the existing use and any relevant requirements should be checked.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
48out of 100
Grade ELow opportunity
Confidence: LOW
This scores 48/100, grade E: the main limitation is that value against local £/sqf cannot yet be judged because the floor area is missing—not that the price is known to be high or low. The £17,000–£32,000 renovation range gives a useful sense of the project, while the purchase price plus renovation midpoint is about £399,500; without floor area or a stated end value, the potential return remains difficult to assess.
There is a clear medium-scale opportunity to refresh the dated interiors, address the visibly deteriorated bathroom finishes and reclaim the overgrown garden. The lounge and bedroom shown appear usable, and the bay windows and walking-distance access to Grays station are appealing features to build on. No obvious major structural defect is visible in the submitted images.
Key opportunities
- Refresh the dated lounge, bedroom and hallway finishes while retaining the usable living space and bay-window character.
- Update the bathroom, where the dated finishes and deteriorated-looking sealant or grout offer a clear improvement project.
- Clear and improve the overgrown rear garden to make better use of the outdoor space.
Key risks
- The bathroom’s visible deterioration should be inspected to confirm the extent of work required.
- The overgrowth partly obscures the garden path and boundaries, so their condition needs checking.
- Floor area is missing, preventing a comparison with local £/sqf; the eventual value and return are therefore difficult to judge.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,417
Based on a loan of £281,250 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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