1-bedroom flat · RM16 6QU
Sold STCListed 164 daysAuction 4 Jun · ended
Opportunity summary
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About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 4TH JUNE 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE RESIDENTIAL INVESTMENT: VACANT GROUND FLOOR ONE BEDROOM LEASEHOLD FLAT CONSIDERED AN IDEAL BUY TO LET INVESTMENT OPPORTUNITY A vacant ground floor one bedroom apartment with a covered parking bay with easy connections to the A13/M25 and convenient access to nearby amenities, including the Lakeside Shopping Complex and Grays Town Centre and Railway Station which is approximately 1 mile away.
The property requires some refurbishment and is considered ideal for an investment or for an owner occupier Entrance Hall Open plan lounge/kitchen 15'8 x 13'0 Shower Room Bedroom: 10'9 x 9' A 125 year lease from 1st April, 1989 We are advised that the service charge is approximately £1140 per annum The property has a covered parking bay along with visitor spaces and communal garden areas D
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 19 Armada Court, Chafford Hundred, Grays, Essex, RM16 6QU
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