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See how verdicts work2-bedroom flat · RM16 6BQ
Sold STCReduced £5k (−2%) on 22 SepListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** chain free **** Located within the highly desirable Parnell Close, Chafford Hundred, is this well-presented two-bedroom flat, offered to the market chain free and benefiting from allocated parking, making it an excellent opportunity for first-time buyers, downsizers, and investors alike.
The property welcomes you via an entrance hall providing access to all principal rooms.
The bright and spacious living/dining room provides a comfortable and versatile space for everyday living, with ample room for both lounge and dining furniture, making it ideal for relaxing or entertaining guests.
Adjacent to the reception room is a separate kitchen, offering a range of storage units and work surfaces designed to meet the demands of modern living.
The accommodation further comprises two well-proportioned bedrooms, with the principal bedroom offering generous accommodation and the second bedroom providing flexibility as a guest room, home office, nursery, or dressing room.
A well-appointed family bathroom completes the internal layout.
The property benefits from a practical and well-balanced floorplan throughout, creating a comfortable and functional home ready for immediate occupation.
Externally, the flat enjoys the added advantage of allocated parking, providing convenience and peace of mind for residents and visitors alike.
Being sold with no onward chain, this property presents an opportunity for buyers looking for a smooth and straightforward purchase.
Parnell Close is ideally situated within Chafford Hundred, one of the area's most sought-after residential locations.
Residents benefit from easy access to a wide range of local amenities, including supermarkets, schools, parks, restaurants, and leisure facilities.
Lakeside Shopping Centre is just a short distance away, offering an extensive selection of retail and entertainment options.
For commuters, Chafford Hundred railway station provides direct links into London, while the A13, M25, and Dartford Crossing are all easily accessible.
This attractive apartment offers an ideal combination of convenience, comfort, and location, and an internal viewing is highly recommended to fully appreciate everything it has to offer.
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
Agent & docs
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FAQ
About 11, Parnell Close, Grays
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