1-bedroom house · RM16 2PQ
Sold STCListed 137 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Elizabeth Gardens is a prestigious retirement village situated in North Grays.
The extensive communal facilities include a restaurant, hairdressers, shop, lounge, hobby room and an internal garage for mobility vehicles. There are also Carers on hand.
This is a one bedroom first floor apartment with a lounge that has a bay feature and stylish kitchen.
COMMUNAL SECURITY ENTRANCE There is a large hall with access to the restaurant, large lounge, hobby room, shop, hairdressers, laundry room, treatment room and mobility garage.
Access to residential areas has further security. Two lifts to all floors. This apartment is situated on the first floor. There is a pleasant entrance. ENTRANCE HALL Entry phone system. Cupboards.
Doors to rooms. BEDROOM 1 Double glazed bay window to front. Radiator. Coving to ceiling. Doors to Wet Room. WET ROOM Jack ‘n’ Jill with a door to Bedroom and to Hall.
Modern white suite comprising off the floor wash basin and WC with a hidden cistern, both with attractive tiling and shelving above. Thermostatic mixer shower over the shower area with a curtain.
Ceramic tiled walls. Heater. Coving to ceiling. LIVING ROOM Bay window feature overlooking Long Lane with double glazed window to side. Radiator. Coving to ceiling. Open to Kitchen.
FITTED KITCHEN Range of modern fitted units with complementary worktop and up-stand. stainless steel sink unit with mixer tap. Worktop height oven, hob and chimney hood. Washing machine space.
Coving to ceiling.
CHARGE INFORMATION: 75% Ownership Leasehold – 125 years from 2013 Service Charge - £716.93 per month Council Tax - £1668.32 (Band B) per annum Local Authority Charge - £246.52 per month Subsidised Meal - £3.25 pay as you go.
TV Licence – Free for Over 75’s. Under 75’s £7.50 per annum
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
Agent & docs
FAQ
About Elizabeth Gardens, Long Lane, Grays, RM16 2PQ
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