# 2 bedroom semi-detached house for sale (RM17 6AQ) ## Property Details | Key | Value | |-----|-------| | Address | 23 MEDINA ROAD, GRAYS, THURROCK RM17 6AQ | | Price | £300,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Last sold | £325,000 Mar 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** E - **Potential rating:** B - **Expiry date:** 21/01/2035 - **Current heating cost:** £1,122/year - **Est. upgrade cost to C:** £24,525 ### Recommendations - Q (£4,000 - £14,000) - W1 (£800 - £1,200) - E (£25) - S (£3,000 - £7,000) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2135-9129-9400-0102-6222) ## Description A fantastic opportunity to acquire a two bedroom semi detached house with immense potential, available for sale with no onward chain. Situated in the highly sought-after area of Little Thurrock, this vacant property is conveniently located within close proximity to Little Thurrock Primary School and offers easy access to Grays town centre and the mainline railway station. The property requires full modernisation, presenting an exciting project for prospective buyers. Additionally, there is significant potential for extension, subject to obtaining the necessary planning permissions and building regulations. The current layout includes an entrance hallway, a kitchen, and two reception rooms on the ground floor. Upstairs, the property features a landing, a spacious bathroom, and two well-proportioned bedrooms. Externally, the property boasts a driveway, a detached garage, and a generous rear garden measuring approximately 100 feet in length. Accommodation Comprises:- GROUND FLOOR Entrance Hallway Double glazed window to side, stairs leading up to the first floor, two storage cupboards Living Room 12'10 (3.91) x 9'8 (2.95) Double glazed window to front, built in cupboard, feature fireplace Dining Room 10'11 (3.33) x 9'7 (2.92) Double glazed window to rear, feature fireplace Kitchen 8'10 (2.69) x 6'3 (1.91) Double glazed window to rear, door to rear garden, tiled splashbacks, cooker space, butler sink, base level and wall mounted units FIRST FLOOR Landing Stairs down to ground floor hallway, double glazed window to side, loft access, storage cupboard Bedroom One 11'2 (3.40) x 10'11 (3.33) Double glazed window to front Bedroom Two 11'4 (3.45) x 10'11 (3.33) Double glazed window to rear, storage cupboard Bathroom/wc Obscure double glazed window to rear, panelled bath, pedestal wash hand basin, low flush wc, tiled splashbacks, wall mounted boiler EXTERIOR Frontage Open plan design with driveway providing off street parking, opening to rear garden Rear Garden Approximately 100ft in depth, overgrown brambles, trees and shrubs, greenhouse Detached Garage Located in the rear garden GENERAL INFORMATION The below information has been supplied by the Vendor and we recommend that this be checked by your Solicitor before entering into any purchase commitment VIRTUAL TOUR Owen Lyons virtual tour of this property can be provided on request. Please contact the office for further information. COUNCIL TAX BAND C, 2024/25 Approx. £1,813.92 Per Annum Tenure Freehold VIEWING By appointment via Owen Lyons Estate Agents, Tel: . MORTGAGE ADVICE Owen Lyons introduces to Susan Bray of SJB Financial Ltd, Susan will see you in her office or visit you after work at your home, ask our agent for Susan's details AGENTS NOTE 1. We have been advised by the Vendor that all the heating equipment and appliances mentioned within these particulars were functional at the time of our inspection. However, due to Owen Lyons Estate Agents not being professionally qualified in this field, we would recommend that they are thoroughly tested by a specialist (i.e. Gas Safe registered) before entering into any purchase commitment. 2. Although our vendor/s has advised us that all fixtures, fittings and chattels mentioned within these details will remain, we strongly recommend verification by a solicitor before entering into any purchase commitment. 3. Floorplans-where included may not be to scale and accuracy is not guaranteed. 4. Photographs are taken using a 10-22mm Wide angled lens 5. Property title Plan Disclaimer: This plan is provided by we endeavour to make our particulars as accurate as possible but as this has been provided by a third party we recommend that you verify via your solicitor 6. Referral Fees - Please note a referral fee of up to £180.00 including VAT per transaction will be received from any referred solicitor upon completion. If Owen Lyons have introduced Susan Bray of SJB Financial Ltd an introducer fee of 30% of the net initial commissions received by the Advisor from any life office, mortgage lender or client for business transacted on behalf of the introduced customer. The Introducer's remuneration becomes due upon receipt of cleared funds by the Advisor. ADDITIONAL NOTES Draft details Awaiting Vendors Approval ## Property Photos - ![Photo](/listings/photos/157301786/1307881) - ![Photo](/listings/photos/157301786/1307882) - ![Photo](/listings/photos/157301786/1307883) - ![Photo](/listings/photos/157301786/1307884) - ![Photo](/listings/photos/157301786/1307885) - ![Photo](/listings/photos/157301786/1307886) - ![Photo](/listings/photos/157301786/1307887) - ![Photo](/listings/photos/157301786/1307888) - ![Photo](/listings/photos/157301786/1307889) - ![Photo](/listings/photos/157301786/1307890) ## EPC Graphs - ![EPC 1](/listings/photos/157301786/1307891) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 23 MEDINA ROAD, GRAYS, THURROCK, RM17 6AQ | £325,000 | 31/03/2025 | Semi-detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 120 RECTORY ROAD, GRAYS, THURROCK, RM17 6AG | £400,000 | 09/06/2025 | Semi-detached | | 28 HILLSIDE, GRAYS, THURROCK, RM17 5SX | £370,000 | 30/04/2025 | Semi-detached | | 8 HOLLOWFIELD AVENUE, GRAYS, THURROCK, RM17 5SR | £350,000 | 19/12/2023 | Semi-detached | | 55 CHADWELL ROAD, GRAYS, THURROCK, RM17 5SY | £500,000 | 04/12/2023 | Semi-detached | | 32 ROOKERY VIEW, GRAYS, THURROCK, RM17 6AT | £465,000 | 01/12/2022 | Semi-detached | | 76 RECTORY ROAD, GRAYS, THURROCK, RM17 6AA | £455,000 | 18/11/2022 | Semi-detached | | 86 RECTORY ROAD, GRAYS, THURROCK, RM17 6AA | £440,000 | 10/11/2022 | Semi-detached | | 2 ROOKERY VIEW, GRAYS, THURROCK, RM17 6AS | £377,000 | 05/08/2022 | Semi-detached | | 134 RECTORY ROAD, GRAYS, THURROCK, RM17 6AG | £460,000 | 11/07/2022 | Semi-detached | | 9 DELAFIELD ROAD, GRAYS, THURROCK, RM17 6AR | £375,000 | 27/05/2022 | Semi-detached | | 72 RECTORY ROAD, GRAYS, THURROCK, RM17 6AA | £485,000 | 12/05/2022 | Semi-detached | | [Same street] 8 MEDINA ROAD, GRAYS, THURROCK, RM17 6AQ | £385,000 | 19/04/2022 | Semi-detached | | 75 RECTORY ROAD, GRAYS, THURROCK, RM17 6AW | £550,000 | 25/03/2022 | Semi-detached | | 16 HILLSIDE, GRAYS, THURROCK, RM17 5SX | £375,000 | 09/12/2021 | Semi-detached | | 79 RECTORY ROAD, GRAYS, THURROCK, RM17 6AW | £445,000 | 25/10/2021 | Semi-detached | | 1 MAYCROFT AVENUE, GRAYS, THURROCK, RM17 6AN | £385,000 | 10/09/2021 | Semi-detached | | 17 MAYCROFT AVENUE, GRAYS, THURROCK, RM17 6AN | £350,000 | 03/09/2021 | Semi-detached | | 28 OVERCLIFF ROAD, GRAYS, THURROCK, RM17 6AJ | £310,000 | 16/08/2021 | Semi-detached | **Street average:** £385,000 (1 sale) **Area average:** £417,176 (17 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £386,741 (17 Semi-detached, RM17, 2024–2026) - **Deviation:** -22.4% ## Rental Range *ONS Price Index of Private Rents (Thurrock). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,229/mo - **Realistic:** £1,366/mo - **Optimistic:** £1,503/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for South West Essex (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £947/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Trinity House, RM17 | £1,375/mo | 2 | 0.88 miles | OpenRent | **Average rent: £1,375/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.46% (weak for cashflow) - **Max investor price (0.8%):** £171,875 - **Target investor price (1%):** £137,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,375/mo).* - **Gross yield:** 5.5% - **Cost-to-rent:** 18.2× - **Monthly cashflow:** £31/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £4,412/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 13.5% - **10y growth:** 28.6% ## House Price Index (HM Land Registry) *Official index for Thurrock; Semi-detached series; as of April 2026.* - **1y growth (index):** 3.6% - **5y growth (index):** 17.3% - **10y growth (index):** 41% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)