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See how verdicts work1-bedroom flat · SS6 9NF
Sold STCListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Scott & Stapleton are delighted to offer for sale this super top floor purpose built apartment situated within a highly desirable development close to all amenities.
This fabulous property benefits from very well presented accommodation including a good size lounge, large double bedroom, modern fitted kitchen & luxury fitted bathroom.
There are also the added bonuses of allocated off street parking, communal gardens & a long lease.
Situated just yards from local shops, parks & sports centre, Rayleigh town centre is nearby with all other amenities.
Offered with vacant possession & no onward chain this would make an ideal first time purchase. An early internal inspection is strongly advised.
Accommodation Comprises - Communal entrance with stairs to all floors. Personal door leading entrance hall.
Entrance Hall - 3.9 x 1 (12'9" x 3'3") - Intercom system, large built in airing cupboard, electric heater, loft access. Panelled doors to all rooms.
Lounge - 4.5 x 2.8 (14'9" x 9'2") - UPVC double glazed window to rear. Electric heater, 2 wall light points. Kitchen - 2.8 x 2.6 (9'2" x 8'6") - Velux style window to rear.
Luxury range of base & eye level units with drawers over base units. Integrated electric oven, separate electric hob & extractor fan, spaces for washing machine & fridge/freezer.
Square edge worktops with matching upstand, inset stainless steel sink unit with matching drainer & mixer tap, electric kick heater.
Bedroom - 3.4 x 2.8 (11'1" x 9'2") - UPVC double glazed window to front. Electric heater, good size built in cupboard. Bathroom - 2.6 x 1.7 (8'6" x 5'6") - Velux style window to front.
Modern white suite comprising of panelled bath with mixer tap, glass screen & shower over, wash hand basin in vanity unit with mixer tap & cupboard below, low level WC.
Part tiled walls, heated towel rail, mirrored storage unit, wall mounted electric heater, extractor fan Externally - The property benefits from a single allocated parking spaces.
Well tended communal gardens to rear. Lease Details - The vendor informs us of the following: Approx. 130 years remaining on the lease. Ground rent of approx. £158 per annum. Service charge of approx.
£2,500 per annum.
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.
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FAQ
About Priory Chase, Rayleigh
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