1-bedroom flat · RM13 8RX
For saleReduced £10k (−4%) on 7 OctListed 292 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally located within close proximity to Rainham C2C Station and local amenities, boasting a 992-year lease, is this well-presented one bedroom top floor apartment.
The development enjoys good local schools and a nhs gp surgery. Upon entering, the hallway provides access to all rooms and includes useful storage space.
The stunning open-plan kitchen / reception / dining room measures an impressive 18’3 x 13’6 and enjoys dual-aspect windows, creating a light and spacious environment.
The modern kitchen area is fitted with a range of wall and base units, integrated appliances, and generous worktop space.
A standout feature of this property is the exclusive access to the substantial terrace area, extending 21’7 x 17’9, perfect for outdoor dining, relaxing, or entertaining in the warmer months.
The bedroom is a generous double, measuring 14’4 x 9’, while the well-appointed bathroom includes a bathtub with overhead shower, vanity unit, and tiled finishes.
Externally, the property benefits from well-maintained communal areas.
Situated in a modern residential development close to schools, shops, and transport links, the apartment is ideal for first-time buyers, commuters, or investors alike.
According to the seller: Lease Length: 992 Years Remaining Service Charge: £2,628 p.a.
No Ground Rent In compliance with The Money Laundering Regulations 2017, we are legally obligated to verify the identity of all prospective purchasers.
This process requires the review of valid photographic identification and an official proof of address.
Should your offer on a property marketed by Chalk Street Estates be accepted, you will be required to complete identity verification through our secure third-party provider, Blinc UK.
A non-refundable fee of £15 per purchaser is payable in advance of the verification checks.
Please note that a sale cannot be formally agreed, and a memorandum of sale cannot be issued, until all parties have provided valid identification and the verification process has been successfully completed.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 28, Somerville House, 1, Fairlane Road, Rainham
Explore nearby