5-bedroom detached house · RM16 6DE
Listing removedListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering generous living accommodation across three floors, this property is perfectly suited to large families or investors seeking a high-demand rental opportunity.
This substantial home benefits from a spacious driveway accommodating up to three vehicles, in addition to a double garage providing further parking or storage.
Upon entering the property, you are welcomed by a bright and spacious entrance hallway with staircase ahead.
To the left is a large principal reception room - an expansive space that can comfortably function as both a living and dining area, or as a grand family lounge with multiple seating arrangements.
This room also benefits from direct access to the rear garden.
To the right of the entrance is a versatile second reception room, ideal as a formal dining room, home office, playroom, or additional lounge.
Moving further through the hallway, there is convenient under-stair storage, a guest cloakroom/WC, and an additional storage area.
The generously sized kitchen offers excellent worktop space, pleasant views over the garden, and access to a separate utility room, which in turn leads outside.
The rear garden is a standout feature - exceptionally spacious and ideal for entertaining, family gatherings, barbecues, or future landscaping potential.
The garden also provides two separate access points into the double garage.
First Floor The first floor comprises two spacious ensuite bedrooms, a further well-sized bedroom ideal for children, and a modern family bathroom.
Second Floor The top floor offers two additional generously sized bedrooms along with another bathroom, making this layout particularly attractive for large or multi-generational families.
Location Analysis Norfolk Place is ideally situated within easy reach of a wide range of amenities.
The property is just a short 7 minute drive to Lakeside Shopping Centre, offering an extensive selection of retail stores, restaurants, leisure facilities, and entertainment options.
Everyday conveniences are also within close proximity, including Costco and IKEA, both within walking distance or a short drive.
The area is popular with families due to its quiet residential setting, strong transport links, and access to local schools, green spaces, and shopping facilities.
For investors, the propertys size, multiple bathrooms, and proximity to major amenities make it highly attractive to larger families and professional tenants seeking long-term rental accommodation.
Excellent road connections nearby provide convenient access to surrounding towns and commuter routes, further enhancing its appeal.
Value & comps
No previous sales on record.
Returns
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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 Norfolk Place, Grays, Essex, RM16
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