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See how verdicts work2-bedroom flat · SS6 7QA
Listing removedReduced £10k (−4.3%) on 11 JulListed 129 days
Opportunity summary
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About
Gilbert & Rose are delighted to present this generous two-bedroom first-floor apartment, positioned within Central Apartments on Rayleigh High Street.
Offering approximately 696 sq ft of internal accommodation, the home features a large open-plan kitchen/living room, two bedrooms, a modern bathroom and a practical hallway layout.
The property also benefits from double glazing, gas central heating and an allocated parking space to the rear, making it an excellent choice for first-time buyers, commuters, downsizers or investors seeking a central Rayleigh location with strong everyday convenience.
Tenure: Leasehold Council Tax Band: C Room Measurements Room Measurements Open-Plan Kitchen/Living Room 22'9" x 13'9" Bedroom One 12'5" x 12'4" Bedroom Two 12'5" x 8'3" Bathroom 8'5" x 6'11" Total floor area: Approximately 696 sq ft Interior The apartment opens into a central hallway, providing a practical layout and a clear flow through to each room.
The main open-plan kitchen/living room forms the heart of the home, offering generous space for relaxing, dining and everyday cooking.
The kitchen is fitted with gloss cabinetry, work surfaces, a stainless steel sink, gas hob, oven, extractor and useful integrated appliances, while the living area provides plenty of room for comfortable seating and dining furniture.
Both bedrooms are positioned separately from the main living space and offer comfortable proportions for beds and storage.
The bathroom is finished with neutral tiling and includes a bath with shower attachment and screen, WC, pedestal basin, mirror, storage and heated towel rail Exterior Central Apartments sits directly on Rayleigh High Street, with secure communal access leading into the residential part of the building.
The property benefits from residents’ parking to the rear, accessed via Castle Road, with an allocated numbered parking space included.
This is a valuable feature in such a central location, particularly for buyers wanting the convenience of High Street living without relying solely on public parking.
The communal areas also provide access to bin storage and bike storage, adding further practicality.
Set above the commercial frontage, the apartment enjoys immediate access to the town centre while retaining the benefit of a private residential entrance and rear parking arrangement Location This apartment occupies a highly convenient position in central Rayleigh, with shops, cafés, restaurants, supermarkets, pubs and everyday services all close by.
Rayleigh High Street offers a strong mix of independent and national retailers, while nearby green and leisure spaces include Rayleigh Mount, King George V Playing Field and The Mill Arts & Events Centre.
Rayleigh Station is within easy reach, providing rail links towards London Liverpool Street, making this an appealing location for commuters.
The surrounding road network also offers access towards Southend, Chelmsford, Basildon and the A127, giving the apartment a strong balance of town-centre living and wider connectivity School Catchments The property is positioned close to a range of local schools, making it a practical option for buyers considering education links, long-term resale appeal or tenant demand.
Nearby primary options include Rayleigh Primary School, Glebe Primary School and Edward Francis Primary School, while secondary schooling in the wider area includes The FitzWimarc School.
Rayleigh remains a popular family location thanks to its established residential areas, convenient amenities, green spaces, transport links and strong community feel Agents Notes The property is leasehold, with the apartments converted from commercial to residential in 2013.
The lease was granted for 125 years from 2013, leaving approximately 112 years remaining. The apartment benefits from gas central heating, double glazing and an allocated parking space to the rear.
The service charge is approximately £119.72 per calendar month, with ground rent of approximately £250 per annum.
These charges are considered reasonable for the building and contribute towards the upkeep and management of the communal areas
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.
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FAQ
About Flat Flat 3, 145A, High Street, Rayleigh
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