Penrith Crescent, Rainham
London
£450,000
Listed on 04/11/2026
Listed on 04/11/2026
The listing
Property details
Bedrooms
3Type
End Of TerraceArea
1052 sqftFeatures
- Garage
- Garden
Description
This three-bedroom end-of-terrace house is offered with an adjoining corner plot and a detached double garage. The property has a substantial side garden with road frontage, and the listing identifies the land as having potential for a separate dwelling, subject to planning permission and all relevant consents. Any proposal, including independent access, would need to be assessed with the local planning authority.
The existing house is described as requiring modernisation, giving a purchaser scope to update it while considering the wider site. The sale includes both the house and adjoining land. Buyers should make their own enquiries into the plot boundaries, access and development feasibility.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
52out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £450,000, the asking price is slightly below the local £/sqf benchmark, which gives this dated three-bedroom house a reasonable starting point for a project buyer. The photographed interiors offer scope for a medium modernisation, with worn flooring and dated finishes across several rooms; the overgrown garden also has room for a substantial clear-up. The large corner plot and detached double garage are distinctive assets, while any additional dwelling would depend on planning and other consents.
The overall score is held back by the economics: purchase and works costs look tight against local benchmarks, so the plot’s potential is important to the case rather than a guaranteed source of value. Roof moss and weathering are visible, although no obvious major failure is shown.
Key opportunities
- Modernise the dated interior finishes, including the kitchen and bathroom, and renew worn flooring.
- Clear and improve the extensive overgrown garden to make better use of the corner plot and its road frontage.
- Explore the potential for an additional dwelling on the adjoining plot, subject to planning permission and relevant consents.
Key risks
- Purchase and works costs look tight against local benchmarks, leaving limited headroom on the existing house alone.
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Transport
Nearest stations
Elm Park Underground Station
0.4 miles
Underground · Elm Park
Hornchurch Underground Station
1.2 miles
Underground · Hornchurch
Dagenham East Underground Station
1.3 miles
Underground · Dagenham East
Rainham (London) Rail Station
1.9 miles
Train · Rainham
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,839
Based on a loan of £337,500 over 30 years at 5.13% 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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