1-bedroom flat · RM16 2AZ
For saleReduced £10k (−6.3%) on 17 AugListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price of £160,000 - £170,000 A one bedroom retirement apartment located on the ground floor Collier Court for Independent Retirement Living was constructed by McCarthy and Stone (Developments) Ltd and comprises 44 properties arranged over 4 floors each served by a lift.
Within close proximity to Tesco Express, Chemist, Hairdressers and Restaurants and only a short drive to Gray's Beach and Main Supermarkets.
The Development Manager can be contacted from various points within each property in case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour Appello emergency call system. Each property comprises an entrance hall, lounge and kitchen one or two bedrooms and a bathroom.
Please speak to our Property Consultant if you require information regarding “Event Fees” that may apply to this property. Accommodation Front door with security spy hole leads to the...
Entrance Hall Entrance hall with emergency intercom and security door entry system. Ceiling light point. Power point. Smoke detector. Door to shelved airing cupboard. Electric meter.
Pulsa coil water heater. Living Room Double glazed double doors leading to communal gardens. Storage heater. Electric fire with surround. Telephone point. Power points to include TV aerial point.
Light points. Emergency pull cord. Kitchen With Window Tiled and fitted with a range of wall and floor units with cupboards. Drawers. Work tops. Stainless steel sink and single drainer.
Built-in electric cooker with four ring hob and overhead extractor hood. Under counter fridge. Under counter freezer. Ceiling light point. Wall mounted electric fan heater. Emergency pull cord.
Bedroom Built in wardrobe. Illuminated light switch. Storage heater. Power points. Emergency pull cord. Telephone point. TV aerial point. Ceiling light point.
Shower Room Tiled and fitted with walk-in shower unit. WC with low level flush. Vanity unit and basin with light above. Wall mounted electric heater. Extractor fan. Heated towel rail.
Emergency pull cord.
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
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FAQ
About 2, Collier Court, Grays
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