1-bedroom bungalow · RM18 7AZ
For saleListed 38 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £140,000 – £150,000 Offered to the market with no onward chain, this bright and well-presented one-bedroom top floor apartment in Melbourne Court, Melbourne Road offers comfortable living in a convenient location.
A key benefit of the property is the recently extended lease of approximately 153 years, providing valuable long-term security and making the apartment an attractive option for both first-time buyers and investors.
Positioned on the top floor, the apartment enjoys a good degree of privacy along with a pleasant outlook. Internally, the accommodation is well laid out and filled with natural light.
The entrance hallway leads through to a spacious lounge, creating a comfortable living area with plenty of room for relaxing, entertaining, or setting up a home working space.
The kitchen is well arranged with ample storage and worktop space for everyday cooking, while the generous double bedroom provides a calm and comfortable retreat.
A family bathroom completes the accommodation. For commuters, the location is particularly convenient.
Tilbury Town railway station is approximately 0.2 miles away, providing direct services to London Fenchurch Street railway station, making travel into the City straightforward.
Externally, residents benefit from a well-maintained communal garden, ideal for enjoying some outdoor space, along with allocated parking for everyday practicality.
Whether you are looking to step onto the property ladder or expand a rental portfolio, this well-positioned apartment represents an excellent opportunity.
Location – Tilbury Tilbury is a well-connected Thames-side town popular with buyers seeking affordability and strong transport links into London.
The town benefits from direct rail services to the capital via Tilbury Town railway station, while road users have easy access to the A13 road, linking to the M25 motorway and wider motorway network.
Locally, residents can enjoy riverside walks along the Thames and nearby historic attractions such as Tilbury Fort.
Larger shopping and leisure facilities are also within easy reach at Lakeside Shopping Centre.
With competitive property prices, excellent commuter access and continued investment across the wider Thurrock area, Tilbury continues to attract both homeowners and investors.
Council Tax Band: A Local Authority: Thurrock Council Annual Service Charge: £999.99 Annual Ground Rent: £120.00 Lease Length: Approximately 153 years remaining
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.
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FAQ
About Flat 8, Melbourne Court, Tilbury
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