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Fairfield Avenue, Grays RM16

London

£525,000

Listed on 20/06/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1150 sqft

Description

This extended three-bedroom bungalow presents a noteworthy investment opportunity, featuring a spacious interior and significant potential for further development. The property has been expanded at the rear, resulting in a large open-plan living area ideal for family gatherings and daily activities. The kitchen area is designed with ample space for modern appliances and dining, making it conducive for entertaining. Inside, there are three generously-sized double bedrooms that cater well to families or individuals needing additional space. A sizeable family bathroom efficiently serves the household needs. On the exterior, off-street parking accommodates three to four vehicles at the front, while the expansive rear garden offers serene countryside views—perfect for those seeking tranquility outdoors. Notably, the property boasts excellent loft space that matches the ground floor in size, providing an exciting opportunity to extend vertically (subject to planning permission), which could significantly enhance living accommodations. Situated in a desirable location, this home is within close proximity to essential amenities, transport links offering direct access to London, and highly-rated schools according to Ofsted reports—making it an excellent choice for both families and commuters. This property must be viewed to fully grasp its spatial and developmental potential.

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Investment analysis

(RM16 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£457/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£388
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£524,596
10% above area average per sq ft
Potential ROI
-14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (RM16)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +0.3%
5 year growth: +13.1%
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

Fairfield Avenue, Grays RM16
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,983
Based on a loan of £393,750 over 30 years at 4.45% 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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