1-bedroom property · RM17 5RX
For saleListed 364 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Within this popular retirement development for the over 55’s, this is a well presented 1 bedroom first floor apartment.
There is a resident Site Manager and a communal lounge enabling communal yet independent living. ENTRANCE HALL Store cupboard. Doors to rooms. Access to loft. BEDROOM Double glazed box bay window.
Range of modern fitted wardrobes to one wall. Electric heater. Coving to ceiling. BATHROOM Ceramic tiled floor and part tiled walls.
White suite comprising close coupled WC, pedestal wash basin & panelled bath with electric shower over. KITCHEN Double glazed window.
Range of modern fitted units at both base and eye level with decorative cornice & pelmet. Complementary roll edge worktop with inset stainless steel sink unit & mixer tap.
Integrated double oven, hob, pull out hood and washing machine. Further appliance space. Part tiled walls. Store cupboard. LIVING ROOM Double glazed box bay window. Electric heater.
Decorative fireplace. Coving to ceiling. EXTERIOR There are communal gardens and parking along with a communal lounge/recreating room. Lease: 60 years Service Charge: £345pm
Value & comps
No previous sales on record.
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 asking
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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 Priestley Court, Palmers Drive, Grays, RM17 5RX
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