Summary - 59 PORTER CLOSE GRAYS RM20 4AS
1 bed 1 bath Ground Flat
Cash-ready investors — tenant in place, strong transport links nearby.
One-bedroom ground-floor flat, approx. 485 sq ft
A compact one-bedroom ground-floor flat offered via modern auction, positioned within easy reach of Chafford Hundred mainline and local bus links. The property is currently tenanted and the occupant has indicated a willingness to remain, making this attractive for an investor seeking immediate income or a cash buyer prepared to refurbish for re-let.
Buyers must note important sale terms: this is a cash-only auction lot with an undisclosed reserve price and additional buyer fees including a non-refundable reservation fee. The flat is leasehold with approximately 65 years remaining; mortgage lenders may refuse finance on that basis and purchasers should confirm lending viability before bidding.
Internally the accommodation is compact (approx. 485 sq ft) with a small modern kitchen that shows wear and a three-piece bathroom. Heating is by electric room heaters and the EPC is D; the service charge and ground rent apply. Externally the block offers communal parking and low-maintenance communal grounds.
This unit suits a hands-on investor or a cash buyer willing to accept leasehold limitations, auction timing and some updating. Due diligence is essential: review the buyer information pack, confirm exact fees and lease details, and arrange surveys to verify condition and service charge liabilities.
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