Summary -
112 Conway Gardens,GRAYS,RM17 6HQ
RM17 6HQ
1 bed 1 bath Studio
Cash-only studio near Grays station — refurbishment opportunity with short lease..
- Ground-floor studio: lounge/bedroom, separate kitchen and bathroom
- Short lease (~61 years) — cash buyers only; lenders likely refuse
- Needs renovation; internal maintenance and updating required
- Close walk to Grays station and large town centre shopping facilities
- Communal off-street parking and small communal lawn
- Fast broadband, very low flood risk, very cheap council tax
- Located in a deprived area with very high crime statistics
- Easy road access to A13 and M25; approx 40-minute commute to central London
A compact ground-floor studio offered with no onward chain, positioned a short walk from Grays station and town centre. The flat has a simple layout: combined lounge/bedroom, separate kitchen and bathroom — suitable for a single occupant or a buy-to-let following refurbishment. Communal parking and close road links to the A13 and M25 add practical appeal for commuters.
The property is an entry-level investment proposition: it benefits from fast broadband, very low flood risk and low council tax. The block is a 1980s purpose-built development with a communal lawn and straightforward external maintenance. The current condition requires renovation, with visible internal paint/ceiling maintenance noted.
Important financial and legal points are clear: the lease has approximately 61 years remaining and mortgage lenders are likely to refuse lending — cash buyers only. Ground rent is modest (£120) but the short lease materially affects mortgageability and future saleability; lease extension will be a vital cost consideration.
Location strengths are practical rather than scenic: immediate access to Grays shopping centre, local amenities and the C2C line into London (around 40 minutes). The area is within a deprived wider neighbourhood and recorded as having very high crime levels, which will affect rental values and tenant demand. This is most suitable for an investor or a buyer prepared to renovate, accept the lease limitations, and proceed with cash purchase.
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