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Turp Avenue, Grays RM16

London

£400,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
1003 sqft

Description

This semi-detached bungalow in the popular North Grays area presents a unique opportunity for those looking to invest in a property with great potential. The spacious layout features two sizable double bedrooms and versatile reception spaces that can be adapted to suit various lifestyle needs, whether for relaxation or entertaining. The kitchen offers ample storage, while the modern bathroom is equipped to a contemporary standard. There’s also an additional playroom/storage area, presenting an excellent chance for conversion into a utility room or office space. The rear garden is designed for low maintenance but still allows for personal touches, with a patio and lawned section alongside an outbuilding currently utilized as a bar and entertainment area. With off-street parking and the possibility of loft conversion (subject to permissions), this property not only delivers comfortable living but also invites the prospect of extension and customization. Located conveniently near local amenities and schools, it stands as a promising investment for future growth.

Investment Analysis

(RM16 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£399/sq ft
Area Average
£408/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£450,257
10% above area average per sq ft
Potential ROI
+4.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Turp Avenue, 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
£1,443
Based on a loan of £300,000 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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