Summary - 53B, RIVER VIEW, GRAYS, CHADWELL ST. MARY RM16 4BJ
1 bed 1 bath Flat
Auction opportunity for cash-ready buyers seeking low entry and refurbishment upside.
Approx. 679 sq ft one-bedroom flat, second floor
Long lease: approx. 118 years remaining (leasehold)
Guide price £60,000+, sold by public auction, vacant possession
EPC C, double glazing installed post-2002, mains gas heating
Includes a garden; mixed-use building with ground-floor commercial units
Area has above-average crime and higher deprivation — factor in risk
Solid brick construction with no assumed wall insulation; may need upgrades
Fast broadband and close to Grays rail station and local amenities
Offered at a low guide price with vacant possession, this second-floor one-bedroom flat sits above a mixed-use parade in Grays. The property has a long lease (approx. 118 years remaining), an EPC rating of C, double glazing installed after 2002 and mains gas heating — practical attributes for a buy-to-let or refurbishment project.
The flat extends to around 679 sq ft, includes a garden, and benefits from fast broadband and reasonable transport links via Grays station. Local amenities and good-rated primary and secondary schools are within walking distance, supporting rental demand. The building dates from the 1930s–1940s and presents straightforward scope for cosmetic improvement to increase value or rental income.
Buyers should note this is a leasehold property being sold at public auction with a guide price of £60,000+. The surrounding area shows above-average crime and higher deprivation indicators; purchasers should factor these into rental assumptions and insurance costs. Construction is solid brick with no assumed wall insulation, so energy improvements may be needed to improve thermal performance long-term.
This lot suits cash-buying investors or DIY landlords ready to manage a refurbishment and let in a mixed neighbourhood. Legal pack review and auction-appropriate due diligence are advised before bidding.
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