How much is Flat 5, Grays?

The asking rent is £1,200 a month.

No floorplan from the agent

Flat 5, Grays, RM17 6LU

Studio flat · RM17 6LU

1 bath

Asking rent

£1,200/mo

Listing removedListed 154 days · slow let

Investor metrics

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Description Ali & Co are delighted to present this spacious studio apartment located on High Street, Grays.

A newly developed large studio apartment above high street shops, conveniently located close by C2C station and local amenities.

The property offers excellent accommodation with a spacious open plan living space with full kitchen, shower room with all mod cons. Tenants will benefit from having electric and water bill included.

Internal viewings highly recommend Council Tax Band: A (Thurrock Council) Deposit: £1,200

Key information

Council tax band

Band A

Estimated ~£1,200/year

Local authority

Thurrock

Unitary Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Model

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Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4No HMO Article 4 held

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.