2-bedroom flat · RM16 4AU
Listing removedListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Well presented ground floor apartment with parking conveniently located for local schools and shops.
The accomodation comprises; Entrance Hall: Security entry phone, loft access, cupboard housing tank, doors to all rooms.
Lounge 17'8 x 11'6 max: Double glazed window to rear, wall mounted storage heater, open plan to: Kitchen 12' x 6'5 max: Fitted with modern wall and base level units, worktop space, fitted appliances including oven, fridge/freezer and washing machine, tiled floor.
Master Bedroom 16'3 x 10' plus recess: Three double glazed windows to front, wall mounted heater. Bedroom Two 11'5 x 6'4: Double glazed window to rear, wall mounted heater.
Bathroom: Three piece white suite comprising wc, panelled bath with shower over and wash hand basin, tiled floor. Externally there is a communal carpark with an allocated space and a private garden.
EPC Rating: C
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
FAQ
About 2 St. Stephens Crescent, Grays
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