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Blackshots Lane, Grays RM16

London

£460,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
996 sqft

Description

Presenting a two double bedroom corner plot detached bungalow, this property stands out as a prime opportunity for renovation and investment in the sought-after Blackshots Lane area. The home's potential is compelling, with possibilities to enhance living space and overall value through thoughtful updates or expansion. The welcoming entrance hall leads into a spacious interior that includes two generously sized double bedrooms and an inviting through lounge that connects seamlessly to a bright conservatory—perfect for maximizing natural light. The kitchen offers functional space for essential appliances while maintaining practicality, complemented by a sizable family bathroom. Outside, the well-kept rear garden provides a serene retreat, and a large garage presents additional storage solutions. With appropriate planning permissions, there is significant potential to extend upward, transforming the property into a more substantial family home of three to five bedrooms. With excellent access to local amenities and transport links into London, this property represents an ideal balance of suburban comfort and urban convenience.

Investment Analysis

(RM16 area)

Above Market Value

This property is priced +11.9% above area average per sq ft

+11.9%
This Property
£462/sq ft
Area Average
£413/sq ft
Avg Rent (weekly)
£366
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£452,045
10% above area average per sq ft
Potential ROI
-13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (RM16)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +1.7%
5 year growth: +15.7%
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

Blackshots Lane, Grays RM16
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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
£1,629
Based on a loan of £345,000 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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