Summary -
252 Parsonage Road,GRAYS,RM20 4AW
RM20 4AW
1 bed 1 bath Flat
Cash-only investment close to M25 and Lakeside with communal parking..
- Cash purchase only; many lenders may refuse due to lease length
- Lease remaining circa 63 years — limited term
- Service charge approximately £1,600pa; ground rent £300pa
- Compact overall size: about 409 sq ft, small internal rooms
- Upper-floor double bedroom apartment with communal parking
- Excellent road links to A13 and M25; close to Lakeside shopping
- Very high local crime and deprived area — affects insurance/rental demand
- No onward chain; vacant possession possible on completion
A compact upper-floor apartment in West Thurrock offering a straightforward buy-to-let or commuter bolt-hole close to the A13 and M25. The property sits within a modern brick development, comes with communal parking and a double bedroom, and is only a short drive from Intu Lakeside shopping and local transport links.
Important practical facts: the lease has approximately 63 years remaining, so this is a cash-purchase opportunity only — many mortgage lenders may refuse to lend. Service charge and ground rent are recurring costs to budget for (£1,600 and £300 per year respectively), and the flat is small at about 409 sq ft, so space is limited.
This unit will suit buyers looking for an affordable entry into the local rental market or an investor seeking a low-price purchase with immediate availability (no onward chain). The area offers fast broadband and excellent mobile signal, but it also scores as a deprived neighbourhood with very high local crime statistics — buyers should factor location-related considerations into rental demand and insurance costs.
Viewing is recommended to assess room proportions and condition. The property offers straightforward renovation or redecoration potential, but buyers should verify mortgageability, lease-extension costs, and any management arrangements before committing.
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