Summary - 258 PARSONAGE ROAD GRAYS RM20 4AW
1 bed 1 bath Flat
Affordable one-bedroom flat with long lease near Lakeside and good transport links.
- Top-floor one-bedroom flat with 153 years lease remaining
- Vacant sale with no onward chain, ready for prompt completion
- Compact size c.341 sq ft; ideal for single occupancy or investor
- Close to Lakeside Shopping Centre and A13/M25 transport links
- Communal permit parking; off-street parking available
- Service charge approx. £2,729.55 p/a; peppercorn ground rent
- Dated interiors require modernisation to unlock full value
- Local area: deprived classification and very high crime rate
A top-floor one-bedroom flat with a long lease and no onward chain, positioned for quick access to Lakeside Shopping Centre and A13/M25 links. The property is vacant and offers straightforward ownership with 153 years remaining on the lease and UPVC double glazing throughout.
Internally the flat is compact (approx. 341 sq ft) and laid out in a traditional style: entrance hall, living room opening to a separate kitchen, fitted bathroom and a generous bedroom. The accommodation is clean and habitable but shows dated finishes and would benefit from modernisation to maximise comfort and re-sale value.
Practical features include communal permit parking, off-street parking, good mobile signal and fast broadband — useful for commuters and those working from home. Note the relatively high annual service charge (approx. £2,729.55) and the local area indicators: deprived neighbourhood classification and very high crime levels, which are important factors for buyers and lenders to consider.
This flat is well suited to a first-time buyer or an investor seeking a low-entry purchase near transport links and retail amenities. Buyers wanting a ready-to-move-in, low-maintenance home should budget for cosmetic updating; investors should factor running costs and local area profile into yield calculations.
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