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Morgan Way, Rainham RM13 - Image 1
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Morgan Way, Rainham RM13

London

£425,000
Listed on 07/04/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
1344 sqft

Description

This end-terrace property presents an excellent opportunity for renovation and enhancement, especially given its potential for a side extension (subject to planning permission). Located in a sought-after residential area of Rainham, the home boasts a flexible layout suitable for families or first-time buyers. The ground floor features a spacious reception room and an extended kitchen area that could benefit from modern updates, alongside a practical downstairs bathroom. On the upper level, three good-sized bedrooms offer ample accommodation, complemented by a separate toilet. The exterior includes side and rear access leading to a private garden, as well as two powered outbuildings—one currently serving as a salon with water supply, and the other ideal for office use or storage. With on-street parking available and close proximity to local amenities and transport options, this property not only provides comfort but also holds significant potential for future value increases through thoughtful renovations.

Investment Analysis

(RM13 area)

Below Market Value

This property is priced -27.8% below area average per sq ft

-27.8%
Potential saving
This Property
£316/sq ft
Area Average
£438/sq ft
Avg Rent (weekly)
£446
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£647,170
10% above area average per sq ft
Potential ROI
+39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (RM13)

Area prices are rising by +4.4% over the last 12 months
3 year growth: +6.6%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on RM13 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

Morgan Way, Rainham RM13
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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
£1,505
Based on a loan of £318,750 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

-5.6% since listed
£425,000£25,000(-5.6%)
07/03/2026
Current price
£450,000Initial listing
26/12/2025

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