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See how verdicts work3-bedroom flat · RM17 5RZ
Sold STCListed 214 daysAuction 16 Apr · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY PUBLIC AUCTION ON THURSDAY, 16TH APRIL 2026 AT 12.00PM NOON. LIVE STREAMED VIA DEDMAN GRAY WEBSITE.
BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A LEASEHOLD FIRST FLOOR FLAT IN A POPULAR SHOPPING PARADE WITH TENANT IN OCCUPATION PRODUCING £8,688 PER ANNUM A two bedroom first floor flat which is currently used as three bedrooms, being situated on a busy shopping parade.
The property internally comprises of an entrance hall, kitchen/lounge, three bedrooms and a bathroom. Located close to Grays town centre offering an array of amenities, shops and schools.
There is a mainline railway station serving the City of London in approximately 35 minutes.
The Lakeside Regional Shopping Centre, M25/A13 and Dartford River Crossing are all within approximately 4 miles of the town.
Entrance Hall leading to stairs to - First floor landing Lounge/Kitchen - 12'0 x 13'8 Bathroom - 6'10 x 5'6 Separate WC Bedroom One - 11'11 x 11'6 Bedroom Two - 12'6 x 12'6 Bedroom Three - 6'11 x 8'9 The property is currently tenanted, achieving a rent of £8,688 per annum, £724 per calendar month.
The property is subject to a 199 year lease started on 1st April, 1999 with 172 years remaining E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
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
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FAQ
About 61A Lodge Lane, Grays, Essex, RM17 5RZ
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