Penrith Crescent, Rainham, RM13
London
£475,000
Listed on 16/10/2026
Listed on 16/10/2026
The listing
Property details
Bedrooms
3Type
End Of TerraceArea
976 sqftFeatures
- Garden
- Parking
Description
This three-bedroom home offers approximately 977 sq. ft. of accommodation, including a reception and dining room, a kitchen/breakfast room and a separate utility room. The ground floor also has an entrance hall with stairs to the first floor. The kitchen has a range of wall and base units, work surfaces, space for appliances and room for a breakfast table. At the rear, the reception/dining room has a brick fireplace and glazed doors opening to the garden.
Upstairs are two double bedrooms and a third bedroom suited to use as a nursery or home office. The family bathroom has a bath with an overhead shower and a hand basin, with a separate WC nearby. The vendor states that the property has gas central heating from a combination boiler in the attic, mains sewerage and fibre broadband availability.
The listing describes gardens to the front, side and rear, with off-street parking on the side plot. The rear garden includes a paved patio and lawn. The substantial side area is noted as having potential for a side extension or dwelling, subject to planning permission. Any development would require planning and other relevant feasibility checks.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
48out of 100
Grade ELow opportunity
Confidence: MEDIUM
The standout here is the generous corner plot: there’s parking, front, side and rear garden space, and the listing identifies potential for a side extension or dwelling subject to planning permission. Inside, the home looks usable rather than a major rebuild; dated finishes, older bedroom carpets and a tired bathroom offer scope for a cosmetic refresh, while the reception room’s fireplace and garden access add character.
At £475,000, the asking price is about 11.7% above the local average per square foot, so price is a constraint rather than a value advantage. The light refurbishment is estimated at £6,000–£18,000, but purchase plus refurbishment costs look tight against local benchmarks; any extension or development potential would need to be assessed separately and is subject to planning permission.
Key opportunities
- Make a modest cosmetic refresh, including updated decoration and bedroom flooring, while retaining serviceable finishes where appropriate.
- Improve the rear garden with routine lawn and planting work; the plot already offers usable patio and outdoor space.
- Explore the side plot’s stated extension or dwelling potential, subject to planning permission.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,794
Based on a loan of £356,250 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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