Worst House on the Street Logo
The Rookery, Grays RM20 - Image 1
The Rookery, Grays RM20 - Image 2
The Rookery, Grays RM20 - Image 3

The Rookery, Grays RM20

London

£285,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
776 sqft

Description

This two-bedroom end-of-terrace house presents a valuable opportunity for investors and renovators alike in the sought-after West Thurrock area of Grays. Nestled within the quiet enclave of Tunnel Cottages, the property is conveniently located near the Lakeside Shopping Complex, local bus routes, and West Thurrock Academy, making it an attractive option for renters or future homeowners. Currently, the property is tenanted, generating an annual income of £11,400, providing immediate cash flow while offering potential for future appreciation. The interior features a flexible layout that includes a lounge with a cozy electric fireplace and two well-sized double bedrooms. The kitchen/diner is functional and equipped with essential appliances and ample storage space, allowing for easy updates or modern renovations to enhance its appeal. The bathroom comprises a practical four-piece suite that can benefit from refreshing updates to elevate comfort levels. On the first floor landing, residents will find access to both bedrooms, each featuring natural light from large UPVC double-glazed windows. The outdoor space is another noteworthy aspect; the front driveway accommodates off-street parking for three vehicles and has potential for further development—subject to planning permission—which could enhance the property's value significantly. The rear garden offers a pleasant mix of patio and lawn areas along with useful amenities like a shed and outside tap. Overall, this property not only boasts solid current rental returns but also holds substantial renovation potential in a location that continues to grow in desirability.

Investment Analysis

(RM20 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£367/sq ft
Area Average
£400/sq ft
Avg Rent (weekly)
£317
Avg Yield
6.4%

Renovation Potential

Est. Renovation Cost
£28,500 - £71,250
10-25% of property value
Target Value
£341,525
10% above area average per sq ft
Potential ROI
-4.1%
After renovation
Monthly Sales
9
Average per month
Market Turnover
108%
Properties sold annually

Local Market Trend (RM20)

Area prices are falling by +3.3% over the last 12 months
3 year growth: 3.8%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on RM20 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

The Rookery, Grays RM20
Map showing location of The Rookery, Grays RM20
Open Map