3-bedroom bungalow · RM16 2XU
For saleReduced £20k (−4.4%) on 23 JulListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned within a quiet and sought-after close in Grays, this well-presented three-bedroom detached bungalow offers spacious and versatile accommodation, ideal for downsizers, families or those seeking single-level living.
(no onward chain) Guoide Price £450,000-£485,000 The property opens via an enclosed porch into a central hallway providing access to all principal rooms.
To the front is a bright and spacious living room measuring 18’2 x 12’5, offering ample space for both relaxing and entertaining.
The fitted kitchen sits centrally within the home and leads through to a flexible third bedroom/dining room, giving buyers the option of formal dining space, a home office or additional bedroom accommodation.
There are two further well-proportioned bedrooms, including an impressive rear bedroom measuring 15’8 in length.
The home also benefits from a family bathroom and separate WC, adding convenience for everyday living.
Externally, the property enjoys a neatly maintained frontage with lawn and mature hedging, alongside a substantial block-paved driveway providing ample off-street parking.
Side access leads to the rear garden, offering privacy and potential for further improvement or extension (subject to planning permission).
Detached bungalows within quiet residential turnings are rarely available locally.
Conveniently positioned for Grays town centre, local amenities, schools and major road links including the A13 and M25, this is a fantastic opportunity not to be missed.
Early viewing strongly advised.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Glen Garry, The Close, Grays
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