1-bedroom house · RM16 2AZ
For saleReduced £10k (−6.7%) on 28 AugListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented one bedroom first floor retirement flat for the over 60s, offered with no onward chain and set within the established Collier Court development in Grays.
The property benefits from allocated parking, a lift serving all floors and the reassurance of a house manager on site daily. The lease has approximately 103 years remaining.
Inside, the flat offers a practical and comfortable layout. There is a good size reception room with space for both seating and everyday living, leading through to a separate dining area.
The fitted kitchen sits just off the reception space and provides a useful range of storage and work surfaces.
The bedroom is a generous double with fitted storage, while the bathroom is fitted with a large shower enclosure and has been arranged with accessibility in mind.
The overall internal area is approximately 54.6 sq m, making this a well-proportioned one-bedroom retirement property.
Residents also have access to communal facilities, including a large shared lounge which provides a pleasant space to meet neighbours or spend time with visiting family and friends.
Outside, Collier Court has maintained communal gardens with seating areas, together with residents' parking.
Crammavill Street is well placed for local shops, everyday amenities and bus services, with Grays town centre also within easy reach.
Grays railway station provides regular services towards London Fenchurch Street, making the location practical for visiting family and wider travel.
The agent has not tested any apparatus, equipment, fixtures, fittings or services.
Prospective purchasers should satisfy themselves as to the condition and working order of any items, and should rely on their own inspections, surveys and enquiries.
Measurements, floor areas and distances are provided as a guide only and are approximate.
To comply with anti-money laundering regulations, buyers will be required to provide proof of id and address, as well as evidence of the source of funds.
A charge of £30 inc VAT per buyer or beneficial owner applies for anti-money laundering checks, payable upon acceptance of an offer Accord Sales & Lettings also offers a lettings service.
If you are considering renting your property, looking at buy to let, or would like a review of your current portfolio, please contact us using the details shown above.
EPC Rating: C Kitchen (2.30m x 1.48m) Reception Room (5.8m x 3.2m) Dining Room (2.42m x 2.40m) Bedroom (4.81m x 2.82m) Bathroom (2.07m x 1.70m) Parking - Allocated Parking
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 Flat 24, Collier Court Crammavill Street, Grays
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