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Hogg Lane, Grays RM17

London

£220,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Flat
Area
707 sqft

Description

This ground-floor property, built in 2004, offers a solid foundation for those looking to invest or make their mark with renovations. Accessed through a secure gated entrance, the development features ample resident parking and communal green spaces. The interior presents an excellent opportunity for cosmetic upgrades, allowing future owners to tailor the space to their preferences. The spacious lounge-diner benefits from two front-facing windows, filling the area with natural light. An integral kitchen comes equipped with fitted units and designated appliance spaces, ready for reimagination. The master bedroom is generously sized and includes an ensuite bathroom, while a second double bedroom provides additional accommodation options. A three-piece main bathroom also awaits modernisation. There’s a large storage cupboard in the hallway which adds to the practicality of the layout. With local amenities just a short stroll away, including supermarkets and transport links to Grays station as well as major roads like the M25, this property is ideally located for both first-time buyers and landlords seeking rental potential.

Investment Analysis

(RM17 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£311/sq ft
Area Average
£390/sq ft
Avg Rent (weekly)
£316
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£303,420
10% above area average per sq ft
Potential ROI
+19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RM17)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +0.7%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on RM17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Hogg Lane, Grays RM17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£779
Based on a loan of £165,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-2.2% since listed
£220,000£5,000(-2.2%)
25/06/2025
Current price
£225,000Initial listing
31/05/2025

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