Summary -
208 Caspian Way,PURFLEET,RM19 1LF
RM19 1LF
2 bed 1 bath Flat
Immediate rental income near Purfleet station for commuter-focused investors.
- 0.3 miles to Purfleet station (C2C) — excellent commuter link
- Tenant in situ — immediate rental income potential
- Auction sale: 5% non-refundable deposit and reservation fee applies
- Service charge £1,306 p.a. and ground rent £230 p.a.
- Lease: 104 years remaining — secure but below new-build norms
- Compact 581 sq ft ground-floor flat, traditional layout
- EPC C and Council Tax Band C — reasonable running costs
- Located in high-crime, deprived area — may affect tenant demand
This two-bedroom ground-floor flat on Caspian Way offers clear rental and commuter appeal. Located just 0.3 miles from Purfleet station (C2C), the property provides fast links to London — a strong draw for tenants who commute. The flat includes residents’ off-street parking, a phone-entry security system and an EPC C rating, supporting letability and running-cost predictability.
The sale is via online secure auction and the property is offered with a tenant in situ, creating immediate income potential for a buyer prepared to take on the tenancy. Financial running costs are straightforward: service charge approximately £1,306 p.a., ground rent £230 p.a., council tax band C, and a 104-year lease remaining. The layout is traditional, with a modern kitchen and a comfortably sized reception room within a compact 581 sq ft footprint.
Important practical points and risks are set out frankly. The lot will be subject to auction conditions: a 5% non-refundable deposit on exchange and a non-refundable reservation fee (up to 6% inc. VAT, minimum £6,000) are payable on sale. The property sits in an area with higher crime rates and indicators of local deprivation — factors that can affect tenant profiles and yields. The flat’s small overall size and ground-floor position should be considered when assessing long-term capital growth or owner-occupier use.
For investors seeking an immediately income-producing, commuter-friendly flat with predictable running costs, this lot merits inspection of the legal pack and tenancy details. Budget for the auction fees and reservation costs, and review the tenant situation and local market yields before bidding.
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