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Mardale Close, Rainham ME8

South East

£250,000
Listed on 12/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
850 sqft

Description

This property offers a valuable opportunity for those looking to undertake a significant renovation project with no onward chain. Spanning approximately 850 sq. ft. (79 sq. m), it features a classic layout comprising two reception rooms, a kitchen, three generously sized bedrooms, a family bathroom, and a separate W.C. Although the interior is in need of extensive modernization, the current arrangement lays the groundwork for imaginative redesigns that can adapt the space to modern living preferences while reflecting personal style. Situated in Mardale Close, this home benefits from excellent transport links with Rainham mainline railway station just a short walk away, making it ideal for commuters traveling into London and surrounding areas. Families will find convenience in the nearby schools catering to children of all ages, ensuring ease during school runs. The property also includes a garage en bloc for off-street parking or additional storage—an increasingly rare find in this residential setting—as well as front and rear gardens ripe for landscaping potential. This house is an exceptional project for those with foresight who wish to add tangible value through upgrades and improvements. Moreover, it's important to note that the boiler has been condemned, which currently affects heating and hot water supply; potential buyers should consult their lenders regarding financing options as this may impact mortgage eligibility. Overall, this home represents an outstanding investment prospect that invites creativity and vision to fully realize its potential.

Investment Analysis

(ME8 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£294/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£336,647
10% above area average per sq ft
Potential ROI
+8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (ME8)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -0.4%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on ME8 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

Mardale Close, Rainham ME8
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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
£885
Based on a loan of £187,500 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

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