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St Michaels Road, Grays RM16 - Image 1
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St Michaels Road, Grays RM16

London

£350,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

Situated in the vibrant community of Chadwell Saint Mary, this three-bedroom end-of-terrace home presents a versatile canvas for renovation or investment. The property features a modest front lawn that enhances its curb appeal and creates a welcoming entrance. Inside, the spacious lounge/kitchen area serves as the focal point of the home. This open-plan space is ideal for both everyday living and entertaining, highlighting its potential for modern updates to suit contemporary tastes. A separate utility room offers practical storage options, while a conveniently located ground-floor toilet adds to the home's functionality. On the upper level, you will find three well-sized bedrooms filled with natural light, providing comfortable spaces for rest and relaxation. A family bathroom completes this floor, presenting opportunities for modernization in line with personal preferences. The loft area also holds potential for expansion or conversion, subject to obtaining the necessary planning permissions. The exterior continues to offer promise; the tidy front garden complements the home’s aesthetics, and the private rear garden presents an opportunity to create an outdoor space tailored to your vision—whether it be for leisure or gardening pursuits. The location is a significant advantage, with local schools, shops, parks, and transport links all within easy reach. This accessibility enhances the attractiveness of the property as both a family home and an investment opportunity. With its combination of space, location, and renovation potential, this property invites creative ideas to realize its full capabilities. Early interest is anticipated as discerning buyers recognize its value and possibilities.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -6.9% below area average per sq ft

-6.9%
Potential saving
This Property
£383/sq ft
Area Average
£411/sq ft
Avg Rent (weekly)
£367
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£413,722
10% above area average per sq ft
Potential ROI
-5.4%
After renovation
Monthly Sales
17
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 5.1%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on RM16 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

St Michaels Road, Grays RM16
Map showing location of St Michaels Road, Grays RM16
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