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Falcon Avenue, Grays, Essex RM17 - Image 1
Falcon Avenue, Grays, Essex RM17 - Image 2
Falcon Avenue, Grays, Essex RM17 - Image 3

Falcon Avenue, Grays, Essex RM17

London

£120,000
Listed on 19/03/2026

Property Details

Bedrooms
1
Type
Flat
Area
492 sqft

Description

This one-bedroom flat presents a promising investment opportunity, particularly for cash buyers looking for a project with potential. Situated conveniently near Grays Town Centre and within walking distance of Grays Station, the property offers excellent transport links to London Fenchurch Street via the C2C line. The secure building features a communal entrance, leading into a hallway that connects to a generous lounge, separate fitted kitchen, double bedroom, and a three-piece bathroom suite in need of modernisation. Outside, residents can enjoy well-kept communal gardens and sufficient off-street parking. With a low lease in place, this flat is ideal for investors seeking properties with robust rental prospects or those interested in renovation projects. An internal viewing is recommended to fully appreciate its potential. Grays itself is a vibrant town in Essex that provides an array of amenities, shopping options, and local schools, not to mention easy access to the Lakeside Regional Shopping Centre and major roadways like the M25/A13 Dartford River Crossing.

Investment Analysis

(RM17 area)

Below Market Value

This property is priced -37.5% below area average per sq ft

-37.5%
Potential saving
This Property
£244/sq ft
Area Average
£390/sq ft
Avg Rent (weekly)
£316
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£211,149
10% above area average per sq ft
Potential ROI
+50.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (RM17)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +0.7%
5 year growth: +13.1%
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

Falcon Avenue, Grays, Essex RM17
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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
£425
Based on a loan of £90,000 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.

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