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Salisbury Road, Grays RM17 - Image 1
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Salisbury Road, Grays RM17

London

£300,000
Listed on 27/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
785 sqft

Description

This three-bedroom terraced house presents a significant opportunity for those looking to invest in a property with ample potential for modernisation. The ground floor features a lounge and a separate reception room, alongside a kitchen that could be transformed into a contemporary open-plan space, pending the necessary approvals. Upstairs, you will find three bedrooms and a bathroom, with the layout providing flexibility for reconfiguration to suit personal tastes. The rear garden adds further value by offering outdoor space that can be developed. This home is ideal for buyers eager to infuse their own style while enhancing property value through thoughtful renovations.

Investment Analysis

(RM17 area)

Below Market Value

This property is priced -1.6% below area average per sq ft

-1.6%
Potential saving
This Property
£382/sq ft
Area Average
£388/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£335,254
10% above area average per sq ft
Potential ROI
-1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 6.8%
5 year growth: 24.1%
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

Salisbury Road, Grays RM17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE