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See how verdicts work1-bedroom flat · RM17 6PW
Sold STCListed 264 daysAuction 24 Feb · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £136,000 Excellent Grays Riverside Position - Ground Floor Flat on 999 year lease, with allocated car parking space Situated in a favoured residential location and enjoying River Thames glimpses from Lounge and Bedroom is this Ground floor flat.
It does require redecoration and soe improvement but is offered at a very attractive Guide Price..
Grays town centre, amenities and railway station are within 400m Ground Floor Communal entrance Door and lobby leading to person entrance door Entrance Hall Lounge 15'9" x 11'1" patio doors leading directly to communal gardens Kitchen 9'2" x 5'7" Bedroom 10'6" x 9'11" Bathroom/WC 7'3" x 6'7" Eternally Communal gardens Allocated covered Car Parking Space close to Entrance Door.
Lease details 999 years from 12 March 1999. 972 years remaining.
Council Tax Band B Tenure: Leasehold Lease Details: 999 years from March 1999 EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
Agent & docs
FAQ
About 63 Timber Court, Grays, Essex RM17 6PW
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