Cash-buy commuter flat with strong rental potential near the station.
Second-floor two-bedroom flat with separate kitchen and bright living room
Permit off-street parking included; good for commuter use
62 years left on the lease — short; may hinder mortgage approval
Cash buyers only due to lease length; not suitable for standard mortgage buyers
Electric heating; buyer should verify appliance and system condition
Close to Grays station and town centre; fast broadband and local schools nearby
Potential rental income approx £1,250 pcm (vendor estimate) — high gross yield
Viewing advised to check space, condition and communal areas
This two-bedroom second-floor flat in Bevile House is a compact, well-located buy close to Grays town centre and the C2C line — ideal for commuters. The living room is bright with wooden floors; the separate kitchen and permit parking add everyday convenience. Broadband speeds are fast and local schools and amenities are within easy reach.
Important practical detail: the property is leasehold with 62 years remaining and is available to cash buyers only. Mortgage lenders may refuse to lend because of the short lease term, so this suits cash purchasers or experienced investors who can manage lease extension or purchase as-is.
For investors the vendor cites an approximate rental of £1,250 pcm (around an 11% gross yield at the current price), making it a potentially high-return let. Electric heating and standard communal construction suggest low immediate maintenance complexity, but buyers should check appliances, services and legal title before committing.
Viewings are advised to assess space and condition in person. The flat offers clear commuter appeal and rental potential but carries leasehold constraints that materially affect mortgageability and resale — factor these into any offer.
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