We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · RM17 6LJ
Sold STCListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to receive instructions on this one bedroom ground floor flat that benefits from having it's own private rear garden and a long lease of approximately 950 years with no service charge payable.
The property complemented by double glazed, electric heating, entrance hallway, lounge sitting room, fully tiled shower room and being in this sought after location, close to all amenities including Grays Town Centre and having ample parking and being offered with no upward chain, leaves us to recommend an early internal inspection.
Entrance approach via part glazed street door to ENTRANCE HALLWAY Laminate flooring. Meter to side. Textured ceiling. Further door to LOUNGE SITTING ROOM 12'6 x 12'4. Double glazed window to front.
Night storage heater. Attractively decorated. Artex ceiling. Coved surround. T.V point. Laminate flooring. Power point. INNER HALLWAY Laminate flooring. Textured ceiling.
Large storage cupboard housing hot water cylinder. Power point. ATTRACTIVE SHOWER ROOM Comprising of low flushing w/c. Pedestal wash hand basin with unit below.
Separate shower cubicle which is fully tiled with Independent shower. Fully tiled walls. Textured ceiling. Dimplex heater. Laminate flooring. To be viewed to be appreciated. BEDROOM ONE 10'2 x 8'10.
Double glazed window to rear overlooking private garden. Attractive range of built in wardrobes with hanging and shelving space and bed side cabinet and unit to match. Dimplex heater. Wood flooring.
Power points. FITTED KITCHEN 13'2 x 5'7. Double glazed door and window to rear. Attractive range of contrasting units to ground and eye level. Inset single drainer sink unit.
Contrasting splashbacks and worktop. Built in oven and hob. Extractor fan over. Plumbing for washing machine. Recess for Fridge freezer. Textured ceiling. Further base units to side. Dimplex heater.
Tiled flooring. Power point. PRIVATE REAR GARDEN Approximately 20ft in depth. Outside tap and lighting. Mainly paved with garden shed. Fencing to boarders.
The agent has not tested any apparatus, equipment, fixtures, fittings or services so can not verify that they are in working order or fit for their purpose.
The buyer is advised to obtain verification from their solicitor.
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 Crescent Court, Crescent Avenue, Grays, Essex, RM17
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