Studio flat · RM17 6RR
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £130,000 - £140,000 Situated in a convenient location close to Grays Train Station, this well presented studio apartment offers an excellent opportunity for both first-time buyers and investors looking for a property that is ready to move straight into.
The accommodation provides a practical and well-designed living space, combining the sleeping, living and dining areas into one versatile room.
Presented in good condition throughout, the property allows a new owner to move in with minimal work required.
The apartment benefits from a healthy lease of approximately 122 years remaining, providing excellent long-term appeal for both owner-occupiers and investors.
The location is a particular advantage, with Grays Train Station within easy reach, providing convenient rail connections towards London and making the property ideal for commuters.
A range of local shops, restaurants and everyday amenities are also nearby.
Whether you're looking to take your first step onto the property ladder or seeking a straightforward investment opportunity, this chain free studio apartment offers excellent potential, a long lease and a highly convenient location.
Entrance Hallway 3'5" x 2'9" Door leading to bathroom, an opening into the lounge, light switch and light fitting Lounge 12'7" x 10'08" Double glazed window leading to the side, doors leading to the bedroom, kitchen and bathroom,plug sockets, light fitting and light switch Kitchen 7'5" x 6'10" Double glazed window leading to side, mixture of base and wall mounted units, sink with drainer, gas oven with extractor hood above, space for white goods, light switch, light fittings and plug sockets Bedroom 8'2" x 7'11" Double glazed window leading to front, fitted wardrobes socket, light switch, light fitting and plug sockets Bathroom 8'0" x 6'4" Low flush WC, bathroom sink with storage below, bathtub with an electric shower above, partly tiled walls, light switch and light fitting Disclaimer haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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
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FAQ
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