Long Lane, Grays, Essex, RM16
London
£450,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
3Type
BungalowArea
936 sqftFeatures
- Garage
- Garden
- Parking
Description
This detached bungalow offers approximately 936 sq ft of accommodation, arranged as two or three bedrooms, a reception room, kitchen/breakfast room and bathroom. The layout also includes a conservatory, and the property is offered with no onward chain. The listing describes the house as requiring refurbishment, providing scope to update the existing accommodation.
The plot can be accessed from Long Lane and Windsor Avenue and includes front and rear parking, a twin garage and gardens. The agent notes possible extension or annexe/outbuilding potential, subject to the necessary consents and checks. Local amenities, the M25, A13 and transport links are cited as nearby. The property is marketed by John Cottis & Co.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached bungalow offers a useful canvas: a large plot with front and rear access, generous parking and twin garages, alongside scope to refresh the dated kitchen, flooring and décor. The visible interiors look tidy and there is no obvious major structural failure in the photos; the gardens also offer room for improvement. Any extension or annexe idea would need feasibility checks.
The main drawback is the price. At £450,000, the asking price is around 16% above the local £/sqf average, and adding the £8,000–£18,000 refurbishment range leaves the purchase-and-works cost stretched against the local benchmark for this floor area. That comparison is with current local average value, not a forecast of the value after renovation, so the plot and potential improvements need careful assessment against the asking price.
Key opportunities
- Refresh the dated kitchen, carpets and décor to give the tidy interiors a more contemporary finish.
- Make better use of the generous front and rear gardens, parking and twin garages.
- Explore the stated extension or annexe potential, subject to planning and feasibility checks.
Key risks
- At the asking price, the purchase plus the £8,000–£18,000 works range is stretched against the local value benchmark for a 936 sq ft property.
- Expect total exposure near £463,000 before you finish, with refurbishment in the region of £13,000, about 16% ahead of typical local benchmarks for this size. Finished value after works is not modelled here.
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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
£1,700
Based on a loan of £337,500 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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