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South Manor, Grays RM16

London

£600,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
807 sqft

Description

Nestled on the desirable Marshfoot Road, this property offers an enticing opportunity for those interested in renovation or development. Occupying a spacious plot, the current residence features a solid layout with well-sized rooms that can be enhanced or transformed to fit modern living standards. This home is perfect for those aiming to either update the interiors or explore options for expansion and redevelopment (subject to obtaining relevant planning permissions). The generous outdoor area not only allows for potential extensions but also provides room to improve the existing landscape, maximizing overall value. Furthermore, its strategic location ensures easy access to local amenities and public transport, making it an appealing option for future residents or tenants. This presents a unique chance to invest in a property with ample development prospects in a well-established neighbourhood.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +82.2% above area average per sq ft

+82.2%
This Property
£743/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£362,270
10% above area average per sq ft
Potential ROI
-45.9%
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

South Manor, 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
£2,164
Based on a loan of £450,000 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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