Summary - 108 CONWAY GARDENS GRAYS RM17 6HQ
1 bed 1 bath Studio
Compact riverside studio, let and walking distance to station — auction sale for cash or specialist buyers.
Riverside location; ~10-minute walk to Grays station and town centre
Ground-floor studio with open-plan living and a good-size kitchen
Currently tenanted; tenant wants to remain—immediate rental income possible
Sold at auction with undisclosed reserve and non-refundable reservation fee
Lease c.60 years remaining; mortgage lenders may refuse to lend
Buyer to pay service charge and ground rent (£120 pa); extra fees possible
Area flagged with very high local crime and wider deprivation risks
Requires cosmetic updating; kitchen and bathroom are dated and cluttered
Ground-floor studio in the Conway Gardens riverside development, a short walk to Grays station and the Thames riverside. The compact open-plan layout and good-size kitchen make this a straightforward, low-maintenance investment or starter home. Communal parking and nearby retail/leisure amenities add practical appeal.
Important sale details materially affect purchase: the flat is sold by auction with an undisclosed reserve, a non-refundable reservation fee applies, and additional buyer fees are payable. The lease has about 60 years remaining and mortgage lenders may refuse to lend; this makes the lot most suitable to cash buyers or specialist lenders.
The flat is let and the tenant has expressed an interest in staying, offering immediate rental income potential for buy-to-let buyers. The property will benefit from cosmetic updating—kitchen and bathroom are serviceable but dated—and purchasers should allow for service charge and ground rent costs. High local crime rates and wider area deprivation are factual considerations for resale or tenancy strategy.
Buyers should review the auction buyer information pack, commission their own surveys, and confirm total costs (reservation fee, pack fee, service charges). For investors seeking quick access to central Grays and riverside walks, this is a compact, lettable unit; for owner-occupiers, the short lease and auction terms are significant constraints.
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