Chain-free one-bedroom with 971-year lease, parking and quick access to station and shops.
- Chain-free one-bedroom apartment with 971-year lease
- Approx. 484 sqft; spacious living area with dining space
- Modern fitted kitchen with built-in oven and induction hob
- Two hallway storage cupboards; fully tiled three-piece bathroom
- Allocated off-street parking plus visitor bays and intercom
- Service charge ~£1,400/year and ground rent £300/year
- Electric storage heating (replacement to gas would cost extra)
- Local crime level higher than average; consider security measures
This chain-free ground-floor one-bedroom apartment sits on a popular waterside development with easy access to Grays town centre and transport links. The long 971-year lease removes major ownership hurdles and the property includes allocated off-street parking plus plentiful visitor bays.
Internally the layout is practical: a long hallway with two storage cupboards, a modern fitted kitchen (built-in oven and induction hob) and a spacious living area large enough for a dining table. The fully tiled three-piece bathroom and double-glazed windows are ready to use; electric storage heaters provide heating and the EPC is rated C.
Costs to factor: an annual service charge of about £1,400 and ground rent of £300. Heating is electric storage; buyers seeking gas central heating would face replacement costs. Local crime levels are higher than average for the area, so buyers should consider security measures.
For investors, the flat is estimated to achieve around £1,000pcm on the rental market, offering straightforward lettings potential given proximity to Grays station (eight-minute walk) and local amenities. For a first-time buyer it’s a manageable size (approx. 484 sqft) with low flood risk and nearby schools rated Good to Outstanding.
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