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Is Grays The Latest Essex Property Hotspot? Living in Essex 

Is Grays The Latest Essex Property Hotspot?

Why You Should Check Out The Thurrock Town Of Grays

Looking for an up-and-coming Essex commuter town? Grays is about to have it all. Find out about the extensive overhaul that this Thurrock town is due to experience.

The London property market is constantly under scrutiny, and even with prices falling for the first time in eight years, many are still finding it impossible to get on the ladder in the capital. The average house price in the city now stands at £471,761 according to the latest data collected by Nationwide. At such a high price, many Londoners understandably migrate outwards to the home counties, with Essex being a firm favourite with commuters who want to enjoy an excellent quality of life, a decent-sized home and a quick journey into work. Chelmsford, Southend, Basildon and Colchester have long been popular, but the latest hotspot to make its mark is the Thurrock town of Grays. Here are some of the best reasons why you should consider moving to Grays in 2018.

Excellent Schools

Catchment areas are a key consideration for families who want to move out to Essex and according to Chelmsford estate agent, Balgores, Grays is well-placed for both primary and secondary education. Grays Convent School and The Hathaway Academy are both Ofsted-rated ‘good’, while Quarry Hill primary school is found to be ‘outstanding’ based on the latest set of reports.

Reasonable Property Prices

Grays has experienced a 50% house price increase since 2007 and the average home will now set you back £293,529 – a noticeable difference to the cost of trying to stay in the capital, although naturally there is a wide range of prices depending on what you’re looking for. A 1930s three-bed home in Little Thurrock would cost around £350,000, whereas if you prefer to stay in the centre of Grays town, then a five-bedroom Edwardian or Victorian family home costs between £500-600k. If you look at the fast access into Fenchurch Street, which takes 35 minutes, then it’s easy to see why this is a truly viable option for anyone who works in the City.

Extensive Regeneration

The Thurrock Neighbourhood Renewal Strategy has earmarked Grays as requiring a radical overhaul of its town centre. As Grays is the home of inTU Lakeside, which attracts over 25 million visitors every year, retail interest has tended to avoid the high street and shops of the town centre, resulting in some serious neglect. However, the Grays Town Centre Framework has pledged that approximately 5,500-6,500sqm of retail space will be added by 2026. Additionally, the shopfronts on central Orsett Road will be given a facelift which should help to attract and retain custom in central Grays.

As far as leisure goes, the proposals demonstrate a clear commitment to change which will be exciting for anyone considering moving to this area. Of particular note is the planned overhaul of the riverfront with inclusion of a promenade, a Thameside theatre and a pier with stepped seating to take in the view.

Property prices in Grays have the potential to skyrocket in the next few years once these plans are put into action. If you’re interested in moving to Essex, then get to Grays before this hidden gem becomes common knowledge.

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