1-bedroom house · RM17 5RX
For saleListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a modern 1 bedroom ground floor apartment in Priestly Court, a popular retirement complex for the over 55’s with a communal lounge, gardens & parking COMMUNAL SECURITY ENTRANCE DOOR – This is a ground floor apartment ENTRANCE HALL Entrance door.
Laminate floor. Doors to rooms. BEDROOM Double glazed boxed bay window to front. Laminate floor. Range of modern fitted wardrobes. Coving to ceiling. Modern electric heater.
SHOWER ROOM Ceramic tiled floor and ceramic tiled walls with decorative border. Modern white suite comprising close coupled WC, pedestal wash basin & walk-in shower with some low screens.
Electric shower. LIVING ROOM Double glazed boxed bay window to rear. Laminate floor. Coving to ceiling. Modern electric heater. KITCHEN Double glazed window to rear.
Range of modern fitted units at both base and eye level. Complementary roll edge worktops with inset stainless steel sink unit & mixer tap. Integrated oven, hob and appliance spaces. Laminate floor.
EXTERIOR Being a ground floor apartment this property has the benefits of it’s own patio at the front. There are communal garden areas and parking. Lease – 59 years remaining Service Charge - £345 pm
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 Priestly Court, Palmers Drive, Grays, RM17 5RX
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