1-bedroom flat · RM17 5RX
Sold STCListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to introduce this superb one-bedroom first-floor retirement apartment, ideally positioned within the highly sought-after Priestley Court development.
Purpose-built for comfortable and secure senior living, Priestley Court benefits from well-maintained communal parking, a residents' lounge, and the added reassurance of an on-site manager.
The location is particularly convenient, being within a short walk of the Southend Road shopping parade and local bus routes, while Grays town centre is also easily accessible.
Internally, the apartment is well presented and thoughtfully arranged. The welcoming entrance hallway includes a useful built in storage cupboard.
The generous double bedroom is fitted with an excellent range of wardrobes, providing ample storage.
The bright and airy living room is equipped with a security intercom and emergency alarm system, offering both comfort and peace of mind.
The modern fitted kitchen features a range of matching base and wall mounted units.
Completing the accommodation is an impressive shower room, fully tiled throughout and finished to a high standard, incorporating a contemporary shower enclosure with a large shower door.
This attractive retirement apartment presents an excellent opportunity for those seeking secure, low maintenance living in a popular and well connected location. Early viewing is highly recommended.
Offered with no onward chain. Council Tax Band: B (Thurrock Council) Tenure: Leasehold (70 years) Service Charge: £127 per month
Value & comps
No previous sales on record.
Returns
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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
FAQ
About Priestley Court, Palmers Drive, Grays
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