3-bedroom house · RM16 2TJ
For saleReduced £50k (−13.3%) on 20 JunListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide £375,000 - £425,000 location Located in a quiet cul de sac in North Grays, the house is popular with families due to its close proximity to well regarded schools, good transport links with the M25 and A13 being within easy reach, and the Lakeside Shopping Centre.
Overview of accommodation The Entrance Porch leads into the spacious Lounge which in turn flows (via a squared arch) into the Dining Room which has the stairs rising to the first floor, doorway to Kitchen and door to Conservatory.
The Kitchen is a galley kitchen, which whilst not the most modern is perfectly clean, tidy and useable for the time being.
Subject to obtaining the necessary permissions, this seems to lend itself to being either 'knocked through' into the Dining Room, or extended to the rear to create a larger, more open kitchen/family space.
On the first floor, Bedrooms One and Two are both doubles with fitted wardrobes, with Bedroom Three being a small double or good sized single.
The Shower Room is fitted with a low flush toilet, wash basin and shower cubicle. The Rear Garden has patio and lawn areas with a path running the length. There is a single garage en bloc.
Requiring modernisation having been with the same owner for decades, the house is perfect for those looking to make a house their own and redecorate and adapt to their own style.
It should also be noted that other houses of the same build style have had loft conversions, giving the ability for the house to grow as your family does, should you obtain planning permission.
Viewing times Viewings will be held at the below times only and strictly by appointment on: Wednesday 18th March between 12pm and 2pm Saturday 21st March between 2pm and 4pm agents note: This Property is Being sold by Charles David Casson Secure Sale Secure Sale is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale.
A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed.
Please contact Charles David Casson to view these documents.
When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £8,195 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed.
If you require a copy of these documents, or for further information, please contact the Charles David Casson Team.
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
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FAQ
About 40, Waverley Gardens, GRAYS
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