2-bedroom flat · RM20 4BF
For saleReduced £15k (−6.1%) on 10 SepListed 620 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MS Estates are pleased to present this modern two bedroom first floor flat available for sale in Grays.
Located on the first floor, this two bedroom flat consists of an open plan kitchen, good size living area, master bedroom with en-suite and a balcony, a double sized second bedroom, family bathroom and parking.
Close to all local amenities, this property would be ideal for a first time buyer / Investor.
We have been advised of the following: Lease remaining - 111 years Ground rent - £250 per annum Service Charge - £1394 per annum
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
FAQ
About 8, The Chase, Grays
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