1-bedroom flat · RM17 5YH
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
QuDe Lettings are pleased to offer this good sized larger than average ONE bedroom second floor flat with open plan kitchen/diner.
The flat is located 0.6 miles of Grays Town Centre and 0.8 miles of Grays Mainline Station and benefits from plenty of communal parking outside.
The property is available from the 12th December and viewings can be arranged by calling QuDe Lettings.
Special Features LOUNGE: 14'10 X 12'3 KITCHEN/DINER: 16'5 X 7'10 BEDROOM: 14'10 X 12'3 BATHROOM 0.6 MILES TO GRAYS TOWN CENTRE 0.8 MILES TO MAINLINE STATION COMMUNAL PARKING AVAILABLE 12TH DECEMBER Lounge 12.25ft x 14.83ft Kitchen/diner 7.83ft x 16.42ft Bedroom 12.25ft x 14.83ft Bathroom Useful Information Council Tax band is B - 2026/27 rate is £1,753.64 per year payable to Havering Council.
Single occupants discount may be available. An equalvent of one weeks rent, of £252.00, is required to hold the property. This then forms part of the 5 week deposit.
To rent this property at £1,095 per calender month, the total amount required (subject to satisfactory referencing) is £2,355 (1 months rent plus 5 weeks deposit) prior to moving in.
To rent this property a minimum annual income of £32,850 pre tax (Gross salary), singular or combined tenant income is required. However this can increase depending on personal expenses.
If a guarantor is required, they will require a pre tax minumum salary of £39,420 per year. Again, this is a minimum and also can increase depending on personal expenses.
If you require any more details or explanation of the above please ask before viewing.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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