# 2 bedroom apartment for sale (RM17 5JS)

## Property Details

| Key | Value |
|-----|-------|
| Address | 7, DELL COURT, DELL ROAD, GRAYS, THURROCK RM17 5JS |
| Price | £160,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1950-1966 |
| Floor area | 72 m² |
| Last sold | £160,000 Apr 2020 |

## EPC Rating & Upgrade Cost

- **Current rating:** F
- **Potential rating:** C
- **Expiry date:** 05/05/2024 — **EXPIRED** (no longer valid for marketing or letting)
- **Current heating cost:** £1,097/year
- **Est. upgrade cost to C:** £15,338

### Recommendations
- A (£100 - £350)
- Q (£4,000 - £14,000)
- C (£15 - £30)
- D (£80 - £120)
- E (£40)
- L (£900 - £1,200)
- O (£3,300 - £6,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0122-2826-7655-9704-2641)

## Description

***** GREAT FOR ACCESS TO TOWN AND OFFERED WITH NO CHAIN *****

This extremely spacious two bedroom upper floor duplex maisonette with a long lease. The property is ideally located within close proximity to Grays town Centre and walking distance to Grays mainline railway station offering an easy commute to Fenchurch Street, London. 

Internally the generous accommodation comprises of an entrance hall, fitted kitchen and a light and airy lounge/diner with stairs up to the first floor. The first floor boasts two double bedrooms and a bathroom. Only by viewing can the size of the accommodation be fully appreciated and we would therefore recommend buyers to view at their earliest convenience to avoid disappointment.

**Entrance Hall** - 

**Kitchen** - 3.44 x 2.50 (11'3" x 8'2") - 

**Lounge** - 5.01 x 4.02 (16'5" x 13'2") - 

**First Floor Landing** - 

**Bedroom One** - 5.01 x 2.68 (16'5" x 8'9") - 

**Bedroom Two** - 3.97 x 3.21 (13'0" x 10'6") - 

**Bathroom** - 

**Lease Information** - Lease remaining : 942 years 

Service Charge: TBC

Ground rent: TBC

**Agency Information** - 1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5. Referral Fees - Please note a referral fee of up to £240.00 including VAT per transaction could be received from any referred solicitor upon completion.

**Continued...** - 5: Griffin has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6: Griffin has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

**Buyers Reservation Fee Information** - Griffin Grays provide a reservation fee service to protect both our buyers and our vendors from being gazumped or gazundered.

A reservation fee is very similar to putting a holding deposit down when renting a property. It is a payment made by a buyer to provide exclusive rights to buy a property, under certain conditions and at an agreed price. The reservation fee is set at £1,000 for properties available through us  Full terms and conditions are available at the office or can be sent to you via email upon request.

## Property Photos

- ![img_9500-img_9502.jpg](/listings/photos/85849685/1559539) - img_9500-img_9502.jpg
- ![img_9494-img_9496.jpg](/listings/photos/85849685/1559540) - img_9494-img_9496.jpg
- ![img_9455-img_9457.jpg](/listings/photos/85849685/1559541) - img_9455-img_9457.jpg
- ![img_9464-img_9466.jpg](/listings/photos/85849685/1559542) - img_9464-img_9466.jpg
- ![img_9476-img_9478.jpg](/listings/photos/85849685/1559543) - img_9476-img_9478.jpg
- ![img_9482-img_9484.jpg](/listings/photos/85849685/1559544) - img_9482-img_9484.jpg
- ![img_9485-img_9487.jpg](/listings/photos/85849685/1559545) - img_9485-img_9487.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/85849685/1559546) - EE Rating
- ![EI Rating](/listings/photos/85849685/1559547) - EI Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| DELL COURT 7 DELL ROAD, GRAYS, THURROCK, RM17 5JS | £160,000 | 16/04/2020 | Flat |
| DELL COURT 7 DELL ROAD, GRAYS, THURROCK, RM17 5JS | £41,500 | 01/11/1999 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 53B MILTON ROAD, GRAYS, THURROCK, RM17 5EY | £200,000 | 12/02/2025 | Flat |
| 53C MILTON ROAD, GRAYS, THURROCK, RM17 5EY | £200,000 | 07/10/2022 | Flat |
| AVENUE LODGE, 2 5 PALMERS AVENUE, GRAYS, THURROCK, RM17 5UE | £247,500 | 13/05/2022 | Flat |
| 130 ORSETT ROAD, GRAYS, THURROCK, RM17 5ET | £555,000 | 13/05/2022 | Flat |
| 50 HATHAWAY ROAD, GRAYS, THURROCK, RM17 5LA | £361,000 | 14/04/2022 | Flat |
| AVENUE LODGE, 2 2 PALMERS AVENUE, GRAYS, THURROCK, RM17 5UE | £220,000 | 04/03/2022 | Flat |

**Area average:** £297,250 (6 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £194,044 (34 Flat, RM17, 2024–2026)
- **Deviation:** -17.5%

## Rental Range

*ONS Price Index of Private Rents (Thurrock). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,235/mo
- **Realistic:** £1,372/mo
- **Optimistic:** £1,509/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for South West Essex (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £947/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Clarence Road, RM17 | £1,450/mo | 2 | 0.25 miles | OpenRent |
| 2 Bed End Terrace, Darnley Road, RM17 | £1,700/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed Terraced House, Kent Road, RM17 | £1,800/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Flat, The Retreat, RM17 | £1,450/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Flat, The Retreat, RM17 | £1,450/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Flat, The Retreat, RM17 | £1,550/mo | 2 | 0.33 miles | OpenRent |
| 2 Bed Flat, High Street, RM17 | £1,650/mo | 2 | 0.34 miles | OpenRent |
| 2 Bed Flat, Grays, RM17 | £1,450/mo | 2 | 0.41 miles | OpenRent |

**Average rent: £1,563/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 0.94% (okay)
- **Max investor price (0.8%):** £187,500
- **Target investor price (1%):** £150,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,500/mo).*

- **Gross yield:** 11.3%
- **Cost-to-rent:** 8.9×
- **Monthly cashflow:** £695/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 18%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,222/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 6.1%
- **10y growth:** 19.3%

## House Price Index (HM Land Registry)

*Official index for Thurrock; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** -1.7%
- **5y growth (index):** 2.2%
- **10y growth (index):** 17.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)