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Dacre Avenue, Aveley, South Ockendon RM15 - Image 1
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Dacre Avenue, Aveley, South Ockendon RM15 - Image 3

Dacre Avenue, Aveley, South Ockendon RM15

London

£350,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
727 sqft

Description

This three-bedroom end-of-terrace home presents a compelling opportunity for those interested in renovation and investment potential. Located within walking distance to Aveley High Street, residents can easily access a range of local shops and amenities, enhancing both convenience and community connection. The property is positioned on a corner lot, providing ample space that could be utilized for expansion or further development, subject to the necessary planning permissions. While it does require some modernization, this aspect allows for customization tailored to personal preferences or market demands. Inside, the layout includes three bedrooms and a bathroom on the upper floor, offering a straightforward configuration that can be reimagined. The ground floor features a lounge and a generous kitchen as well as a cloakroom, presenting an open canvas for updates. The rear garden is predominantly laid to lawn and includes hardstanding along with an outbuilding, accessible via double gates from Crescent Way. This outdoor area adds versatility and potential for landscaping or additional structures. With no onward chain, this property stands as an inviting prospect for buyers looking to invest in a home with significant renovation possibilities in a vibrant location. Council Tax Band: C. Tenure: Freehold.

Investment Analysis

(RM15 area)

Above Market Value

This property is priced +18.8% above area average per sq ft

+18.8%
This Property
£481/sq ft
Area Average
£405/sq ft
Avg Rent (weekly)
£370
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£324,158
10% above area average per sq ft
Potential ROI
-25.9%
After renovation
Monthly Sales
18
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (RM15)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 3.8%
5 year growth: 18.9%
Investment Disclaimer: Analysis based on RM15 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Dacre Avenue, Aveley, South Ockendon RM15
Map showing location of Dacre Avenue, Aveley, South Ockendon RM15
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