We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · RM17 5HR
For saleListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quote WD1273 when calling to view. Calls answered 24/7 chain free!
Situated on the ever-popular Meesons Lane in Grays, this lovely one-bedroom Duplex appartment over two floors presents an excellent opportunity for first-time buyers, investors or those looking for a well-positioned starter home.
The property is being offered chain free and benefits from a share of the freehold.
The property currently has approximately 65 years remaining on the lease; however, the lease will be extended upon completion to the maximum term of 999 years, providing excellent long-term security for the new owner.
There is also no ground rent or service/maintenance charges, making this an especially attractive proposition.
Internally, the property offers a modern fitted kitchen, a comfortable living space and a modern shower room, while the first floor provides a well-proportioned bedroom.
Externally, there is a front garden area together with the added benefit of an allocated parking space, providing convenient off-street parking.
Meesons Lane is ideally located for access to the amenities of Grays, with Grays High Street offering a wide range of shops, restaurants and everyday facilities.
Lakeside Shopping Centre is also within easy reach, while excellent road and transport links provide convenient access to surrounding areas and London.
With its 999-year lease extension on completion, share of freehold, no ground rent or service charges, allocated parking and no chain, this property represents an excellent opportunity and should be viewed at your earliest convenience.
Lounge/Kitchen 4.8m x 4.5m (15'8" x 14'9") Bedroom 3.5m x 3.1m (11'5" x 10'2") Bathroom 1.79m x 1.3m (5'10" x 4'3") Parking space money laundering regulations: By law, we are required to conduct anti money laundering checks on all intending sellers and purchasers and take this responsibility very seriously.
In line with hmrc guidance, our partner, MoveButler, will carry on these checks in a safe and secure way on our behalf. Once an offer has been accepted (sstc).
MoveButler will send a secure link for the biometric checks to be completed electronically. There is a non-refundable charge of £30 (inclusive of VAT) per person for these checks.
The Anti Money Laundering checks must be completed before the memorandum of sale can be sent to solicitors confirming the sale.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png){kind=logo}
FAQ
About Roy's Cottages,2, Meesons Lane, Grays
Explore nearby
