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Douglas Close, Chafford Hundred, Grays RM16 - Image 1
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Douglas Close, Chafford Hundred, Grays RM16

London

£470,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1270 sqft

Description

This three-bedroom detached home in Chafford Hundred offers ample potential for renovation and investment. With a practical layout and well-defined spaces, it features an inviting entrance hall leading to a versatile living and dining area — perfect for both day-to-day family life and entertaining. The kitchen/diner, equipped with a breakfast bar, presents an excellent opportunity for updates that could enhance its functionality and style. A conservatory at the rear adds natural light and overlooks the generous garden, ideal for outdoor relaxation or gatherings. The ground floor includes a guest WC and a garage, which can be repurposed or extended to suit your needs. Upstairs, there are three spacious bedrooms, including a principal suite with an en-suite bathroom. The possibility of converting the loft (subject to planning permission) offers significant scope to expand this property into a larger family home with four or even five bedrooms. With its desirable location near reputable schools, convenient transport links, and local amenities including the Lakeside Shopping Centre, this property not only provides immediate comfort but also attractive investment potential for future value appreciation.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -9.3% below area average per sq ft

-9.3%
Potential saving
This Property
£370/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£570,116
10% above area average per sq ft
Potential ROI
+11.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +2.2%
5 year growth: +17.6%
Investment Disclaimer: Analysis based on RM16 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

Douglas Close, Chafford Hundred, Grays RM16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,695
Based on a loan of £352,500 over 30 years at 4.06% 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.

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