Studio flat · RM17 5JQ
Listing removedListed 131 days
Opportunity summary
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About
Guide Price £185,000 - £195,000 ***Being Sold with No Onward Chain*** Owen Lyons Estate Agents are delighted to welcome to the market this well-presented one-bedroom first floor flat, situated within the quiet cul-de-sac turning of Wingfield, Badgers Dene.
A notable feature of the property is the exceptionally long lease, with over 900+ Years, alongside a peppercorn ground rent and a self-managed arrangement with no service charge payable, making it an attractive option for first-time buyers, downsizers, or investors alike.
Wingfield is conveniently positioned within easy reach of a wide range of local amenities and transport connections.
Grays Town Centre and the mainline railway station are nearby, offering C2C services into London Fenchurch Street, while the A13 and M25 provide excellent road links for commuters.
The area is also well served by local bus routes, shops, supermarkets, and leisure facilities, making day-to-day living both practical and convenient.
Internally, the property is accessed via a communal stairway leading to the first floor. Once inside, an inner hallway provides access to all rooms.
The apartment has been decorated throughout and benefits from updated electric radiators and modern finishing touches.
To the front of the property is a spacious living room offering comfortable living accommodation.
The kitchen is fitted with matching base and wall units and includes a freestanding fridge freezer, washing machine, fitted oven, and electric hob.
In addition, the flat offers a standard-sized bathroom and a double bedroom complete with fitted wardrobe space. Externally, the property benefits from one allocated parking space.
This is a well-located apartment with attractive ongoing ownership costs and excellent lease length, offered to the market with no onward chain. Early viewing is recommended.
Accommodation Comprises:- Entrance Hallway Storage cupboard, loft hatch Living Room 12'6 (3.81) x 12'8 (3.86) Two double glazed windows to front, electric radiator Kitchen 13'1 (3.99) x 5'11 (1.80) Matching base level and wall mounted units, one and a half sink and drainer, integrated oven, electric hobs, wall mounted electric radiator, double glazed window to rear, freestanding fridge/freezer Bedroom One 11' (3.35) x 8'6 (2.59) Double glazed window to rear, fitted wardrobe unit, electric radiator Bathroom/wc Low flush wc, obscure double window to side, tiled flooring, tiled walls, hand wash basin, heated towel rail EXTERIOR Parking One allocated parking space GENERAL INFORMATION The below information has been supplied by the Vendor and we recommend that this be checked by your Solicitor before entering into any purchase commitment VIRTUAL TOUR Owen Lyons virtual tour of this property can be provided on request.
Please contact the office for further information. COUNCIL TAX BAND B, 2026/27 Approx. £1753.64 Per Annum Tenure Leasehold Lease Approx.
958 years remaining Ground Rent Self Maintaining Service Charge Self Maintaining VIEWING By appointment via Owen Lyons Estate Agents, Tel: .
MORTGAGE ADVICE Owen Lyons introduces to Susan Bray of SJB Financial Ltd, Susan will see you in her office or visit you after work at your home, ask our agent for Susan's details AGENTS NOTE 1.
We have been advised by the Vendor that all the heating equipment and appliances mentioned within these particulars were functional at the time of our inspection.
However, due to Owen Lyons Estate Agents not being professionally qualified in this field, we would recommend that they are thoroughly tested by a specialist (i.e.
Gas Safe registered) before entering into any purchase commitment. 2.
Although our vendor/s has advised us that all fixtures, fittings and chattels mentioned within these details will remain, we strongly recommend verification by a solicitor before entering into any purchase commitment.
3. Floorplans-where included may not be to scale and accuracy is not guaranteed. 4. Photographs are taken using a 10-22mm Wide angled lens and I Phones. 5.
Property title Plan Disclaimer: This plan is provided by we endeavour to make our particulars as accurate as possible but as this has been provided by a third party we recommend that you verify via your solicitor 6.
Referral Fees - Please note a referral fee of up to £360.00 including VAT per transaction will be received from any referred solicitor upon completion.
If Owen Lyons have introduced Susan Bray of SJB Financial Ltd an introducer fee of 30% of the net initial commissions received by the Advisor from any life office, mortgage lender or client for business transacted on behalf of the introduced customer.
The Introducer's remuneration becomes due upon receipt of cleared funds by the Advisor. 7.
Leasehold Information - The information relating to lease terms, ground rent, and service charges has been provided by the vendor and is believed to be accurate at the time the property was listed.
However, these details have not been independently verified by us.
Prospective purchasers are advised that ground rent and service charges may be subject to change and should rely on their legal representative to confirm all details, including any review periods, increases, and associated costs, as part of the conveyancing ADDITIONAL NOTES Draft details Awaiting Vendors Approval
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Wingfield, Badgers Dene, Grays
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