1-bedroom flat · RM17 6QG
Sold STCListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Thursday 7th May 2026 at 11am. This auction is being held in partnership with BidX1.
The Auction Information' link below will take you to the BidX1 platform, where you can view the legal pack for this property and register for the auction.
Bidding on the day of the auction will also take place at this link.
**DEDMAN GRAY-BIDX1 ONLINE AUCTION EVENT 7th MAY 2026** BUY TO LET/RESIDENTIAL INVESTMENT: UPPER FLOOR LEASEHOLDSTUDIO FLAT CLOSE TO GRAYS TOWN CENTRE AND C2C LINKS INTO LONDON Upper floor studio plus apartment with separate bedroom area positioned on a popular riverside development with allocated parking and located within 0.25 mile of Grays town centre and C2C train station.
Entrance Hallway Lounge - 13' 7 x 8'0 Kitchen - 6' 10 x 7' 10 Bedroom Area 6' 7 x 7' 10 Bathroom 125 years from 14th October 2016. 115 years remaining.
We are advised this property could rent for approximately £850-£900 pcm representing a healthy yield for an investor buyer!
Dedman Gray Online Auctions are held in association with BidX1 - Europe's leading online auction platform. D
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 48 Lewes Close, Grays, Essex, RM17 6QG
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