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Heathview Road, Grays RM16

Unknown Region

£400,000
Listed on 24/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
681 sqft

Description

This well-positioned two-bedroom semi-detached bungalow presents an exciting opportunity for those looking to invest in a property with significant renovation potential. Nestled on a spacious plot, the home invites creative vision and customization, making it an ideal candidate for enhancement. The possibility of a loft conversion (subject to planning approval) could dramatically increase the living space and add value, transforming the bungalow into a modern retreat. Inside, the bungalow features two inviting bedrooms that benefit from natural light, creating comfortable spaces for relaxation. The family bathroom is functional and can be updated to meet contemporary standards. Central to the home is a generous kitchen-diner that serves as an excellent space for meals and gatherings with family or friends. The adjoining lounge offers flexibility in layout, allowing for both quiet evenings or lively entertaining. Outside, the expansive garden provides ample room for outdoor activities and further development. With the right vision, this area could be transformed into additional living space or enhanced outdoor entertaining zones. There is also substantial potential for rear extensions, which would allow for more indoor living areas tailored to suit your lifestyle. The property’s location adds to its appeal; everyday necessities are within easy reach, along with the vibrant Lakeside Shopping Centre offering diverse shopping and dining options. With excellent transport links nearby, commuting into London is both convenient and efficient. This bungalow not only stands as a home but as a project replete with possibilities waiting to be realized. Whether your plans involve converting the loft into extra bedrooms or crafting open-plan living spaces by extending at the rear, the scope for improvement is extensive. Minor updates such as kitchen renovations or exterior enhancements could elevate its charm significantly. Living here means enjoying an engaging community atmosphere combined with access to leisure activities and amenities. This property is ready for its next chapter—an opportunity not to be overlooked by those seeking a project that balances comfort with investment potential.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +42.1% above area average per sq ft

+42.1%
This Property
£587/sq ft
Area Average
£413/sq ft
Avg Rent (weekly)
£388
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£309,640
10% above area average per sq ft
Potential ROI
-38.1%
After renovation
Monthly Sales
30
Average per month
Market Turnover
72%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 6.9%
5 year growth: 23.7%
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

Heathview Road, Grays RM16
Map showing location of Heathview Road, Grays RM16
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