1. Home
  2. Locations
  3. Essex
  4. Grays

Essex

Grays
development finance.

Expert property development finance in Grays, Essex. Median price £350,000, 1,365 annual sales. We connect developers with competitive funding from 100+ lenders.

Median price
£350k
Sales (12m)
1,365
YoY change
0%
Southend-on-Sea historic clock tower building

Grays, Essex

Property finance
in Grays.

Grays - thurrock growth area with London Gateway port driving employment and housing demand. With a median property price of £350,000 and 1,365 transactions in the last twelve months, Grays represents a healthy market with prices up 0% year-on-year.

Detached homes command a median of £528,500 while flats average £209,500, reflecting the breadth of Grays's residential market. Terraced houses sit at £340,000, offering developers a range of scheme types from conversions to ground-up residential.

Whether you need development finance for a ground-up scheme, bridging finance to secure a site at auction, or mezzanine finance to stretch your capital stack, our brokers arrange the full range of property finance across Grays and the wider Essex area. Each deal is structured around your specific project, with terms negotiated from our panel of over 100 lenders.

Live market data

Grays
market snapshot.

HM Land Registry sold-price data for Grays over the last twelve months, cross-referenced with local planning pipeline. Updated weekly.

Median price
£350,000
Sales (12m)
1,365
YoY change
+0%

Grays development appraisal

Model the numbers
for your scheme.

Pre-populated with Grays median prices and typical senior-debt pricing. Adjust the inputs to match your deal and we will hand the working assumptions through to the Deal Room.

Scheme Inputs

Pre-populated with Grays median prices. Adjust to match your scheme.

£
£
£
%

Assumes 10% professional fees, 10% contingency, 65% LTGDV senior debt, 18-month term. Full calculator →

Capital Structure

Total Cost£1,752,000
Senior Debt (65% LTGDV)£1,560,000
Equity Required£192,000
Interest (18m)£175,500
Profit on Cost24.5%
Senior Debt£1,560,000
Equity£192,000

Land Registry data

Recent property sales
in Grays.

1,365 residential transactions in the last twelve months. Median sold price £350,000. 5 new-build transactions with a +35.4% premium over existing stock.

Detached

£528,500

Semi-Detached

£400,000

Terraced

£340,000

Flat

£209,500

DateAddressTypePrice
23 Feb 20265, ST MICHAELS ROADRM16 4LHTerraced£360,000
23 Feb 202617, LENMORE AVENUERM17 5NYSemi-Detached£470,000
19 Feb 2026FLAT 17, COLLIER COURT, CRAMMAVILL STREETRM16 2AZFlat£125,000
17 Feb 202629, FIELDING AVENUERM18 8HNTerraced£267,000
13 Feb 202615, MANNING STREETRM15 4AUSemi-Detached£390,000
13 Feb 202645, GRENVILLE ROADRM16 6BGFlat£222,000
13 Feb 202626, CAMDEN ROADRM16 6PYSemi-Detached£320,000
13 Feb 202640, ST JOHNS WAYSS17 7LJFlat£105,000
13 Feb 20263, LEIGHTON GARDENSRM18 8NDTerraced£300,000
13 Feb 202648, BYRON GARDENSRM18 8BDTerraced£362,000

Planning pipeline

Planning activity
in Grays.

3 approved (12m)
·
52 pending
·672 units in pipeline·£226.4M estimated GDV·60% approval rate

Recently Approved

RefProposalUnitsEst. GDVStatus
26/00203/FUL

Change of use of a dwelling from C3(a) residential to supported living care faci…

33 Hope Avenue Stanford Le Hope Essex SS17 8DH

1£350,000Pending
26/00276/FUL

Change of use from Residential Dwelling (Class C3) to Residential Care Home (Cla…

20 Ulverston Purfleet-on-thames Essex RM19 1SW

1£350,000Pending
26/00266/FUL

Erection of 3 detached dwellings with associated garages, access, parking and la…

Land Adjacent Carlton High Road Fobbing Essex

3£1.6MPending

Current Applications

RefProposalUnitsEst. GDVStatus
26/00492/PAPNDM

Industrial Units (forming one block) to rear of 799 London Road, Shown hatched o…

Bridge View Industrial Estate London Road West Thurrock Essex

--Pending
26/00478/FUL

Change of use from Supported Living (Use Class C3(b)) to Children's Home (Use Cl…

52 High View Avenue Grays Essex RM17 6RU

--Pending
26/00473/LBC

Demolish existing small porch extension to the rear and replace with a slightly …

Linstead Farm Cottages Orsett Road Horndon On The Hill Essex SS17 8PW

--Pending
26/00467/FUL

Erection of a new one bedroom house at rear of rear of 25 whitehall road grays r…

25 Whitehall Road Grays Essex RM17 5NT

1£350,000Pending
26/00461/FUL

Installation of 6no EV parking bays, 3no EV chargers and associated electrical i…

BP Orsett Cock Petrol Station Eastbound Orsett Cock Roundabout To Stanford Interchange Eastbound Orsett Essex RM16 3AY

--Pending

Common questions

Property finance in Grays
— answered.

What is the average property price in Grays?
The median property price in Grays is £350,000, based on Land Registry transactions over the past 12 months. Broken down by type: detached homes at £528,500, semi-detached properties at £400,000, terraced houses at £340,000, flats at £209,500.
Is Grays a good area for property development?
Grays recorded 1,365 property transactions in the last 12 months, with prices up 0% year-on-year - suggesting sustained buyer demand. Thurrock growth area with London Gateway port driving employment and housing demand. Active transaction volumes indicate a liquid market where completed developments can achieve timely sales.
What types of property finance are available in Grays?
We arrange the full range of property development finance in Grays: development finance for ground-up schemes, bridging loans for auction purchases and chain breaks, mezzanine finance to stretch your capital stack, refurbishment finance for conversion projects, commercial mortgages for income-producing assets, equity and joint ventures for larger schemes, and development exit finance for completed projects awaiting sales.
How do I apply for development finance in Grays?
Start by submitting your deal through our Deal Room with your project details - site address, purchase price, build costs, and expected end value. Our team will review your scheme, model the funding structure, and present you with terms from our panel of over 100 lenders within 48 hours. There's no upfront fee and no obligation until you choose to proceed.
What are typical development finance rates in Grays?
Development finance rates for Grays projects typically range from 7-11% per annum, depending on scheme size, developer experience, and leverage. For a scheme with a GDV of around £2.4M, you could expect senior debt at 60-70% of GDV with rates from 7.5%. Arrangement fees are usually 1-2% of the facility. We negotiate the best available terms from our lender panel for each deal.

Where we fund

Grays,
Essex.

Ready when you are

Tell us the deal.
We’ll recommend the structure.

Submit your development finance enquiry in Grays and a partner will come back with an initial structure and indicative terms within one working day. No forms-for-forms’-sake — a short note on the scheme is enough.