1-bedroom flat · RM16 2TP
For saleReduced £15k (−6%) on 6 OctListed 60 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. share of freehold - no chain!
Situated in the popular North Grays area, this charming and characterful one-bedroom ground floor flat is offered to the market with no onward chain, making it an excellent opportunity for first-time buyers, downsizers or investors alike.
The property benefits from a Share of Freehold, together with an impressive 972-year remaining lease.
A particularly attractive feature is that there are no ground rent or service charge payments, providing a highly cost-effective ownership arrangement.
Internally, the property offers a good-size lounge, creating a comfortable and welcoming principal living space.
The accommodation further benefits from a modern fitted kitchen with induction hob, complemented by a useful conservatory, providing additional versatile living space.
The well-proportioned bedroom benefits from fitted wardrobes and a neutral carpet, creating a bright and practical space with excellent storage.
A three-piece bathroom suite and two large storage cupboards further enhance the property's practicality.
Further benefits include gas central heating, with the boiler approximately four years old, an allocated parking space and access to a communal garden.
The location is particularly convenient, being within easy reach of Lakeside Shopping Centre, the A13, providing excellent road links towards London, and Grays High Street.
Grays Station offers direct C2C services into London Fenchurch Street, making the property particularly well suited to commuters.
Offering charm and character alongside generous living accommodation, excellent storage, allocated parking and an exceptional long lease with no ground rent or service charges, this is a property that warrants an early internal inspection.
Guide price £250,000 - £275,000 Entrance Hall Living Room 4.11m x 3.9m (13'5" x 12'9")<1.28m Kitchen 2.8m x 2.6m (9'2" x 8'6") Bedroom 4.49m x 3.24m (14'8" x 10'7") Bathroom 3.65m x 1.6m (11'11" x 5'2") Conservatory 4.26m x 2.61m (13'11" x 8'6") Communal Garden Allocated 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
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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 202,Flat 1, Lodge Lane, Grays
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