# 1 bedroom flat for sale (RM17 6RT) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 13, SEJANT HOUSE, BRIDGE ROAD, GRAYS, THURROCK RM17 6RT | | Price | £130,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Last sold | £120,000 Feb 2022 | ## Description A studio plus flat situated within walking distance of the town centre and mainline station. The property has a 66 year lease so cash buyers only/investors. Great rental opportunity. GROUND FLOOR Security entrance door with communal stairs and landings. HALL Entrance door. Doors to rooms. BATHROOM White suite comprising pedestal wash basin, low level WC & panelled bath with tiled surround and thermostatic mixer shower over. LOUNGE AREA 3.74m (12'3") x 3.28m (10'9") max Window to side. Electric heater. Entry phone. Opens to bedroom area. BEDROOM AREA 2.92m (9'7") x 2.53m (8'4") Window to rear. Built-in wardrobe plus sliding doors on fitting wardrobes. KITCHEN 2.03m (6'8") x 1.98m (6'6") Window to side. Range of white fitted units at both base and eye level. Complementary roll edge worktop with inset sink unit & mixer tap. Appliance spaces. Part tiled walls. EXTERIOR Communal car park and garden areas. LEASE: approx. 66 years remaining. SERVICE CHARGE: £635.00 per annum. GROUND RENT: £70.00 per annum. ## Property Photos - ![Photo](/listings/photos/113961923/534277) - ![Kitchen](/listings/photos/113961923/534280) - Kitchen - ![Living Room 1](/listings/photos/113961923/534285) - Living Room 1 - ![Living Room 2](/listings/photos/113961923/534290) - Living Room 2 - ![Bedroom Area](/listings/photos/113961923/534294) - Bedroom Area - ![Bathroom](/listings/photos/113961923/534295) - Bathroom - ![Photo](/listings/photos/113961923/534302) ## Floorplans - ![Floor Plan](/listings/photos/113961923/534304) - Floor Plan ## EPC Graphs - ![EPC](/listings/photos/113961923/534307) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | SEJANT HOUSE FLAT 13 BRIDGE ROAD, GRAYS, THURROCK, RM17 6RT | £120,000 | 21/02/2022 | Flat | | SEJANT HOUSE FLAT 13 BRIDGE ROAD, GRAYS, THURROCK, RM17 6RT | £75,000 | 29/07/2014 | 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 | |---------|-------|------|------| | WYVERN HOUSE FLAT 1 BRIDGE ROAD, GRAYS, THURROCK, RM17 6RS | £167,000 | 14/11/2025 | Flat | | BEVILE HOUSE FLAT 33 ARGENT STREET, GRAYS, THURROCK, RM17 6RR | £190,000 | 29/07/2025 | Flat | | 69 SEABROOKE RISE, GRAYS, THURROCK, RM17 6DR | £263,000 | 14/03/2025 | Flat | | DRAPER COURT, 45 2 BRIDGE ROAD, GRAYS, THURROCK, RM17 6BU | £185,000 | 16/11/2023 | Flat | | VERT HOUSE FLAT 215 FALCON AVENUE, GRAYS, THURROCK, RM17 6SE | £105,000 | 02/11/2023 | Flat | | WYVERN HOUSE FLAT 3 BRIDGE ROAD, GRAYS, THURROCK, RM17 6RS | £170,000 | 03/03/2023 | Flat | | 77 SEABROOKE RISE, GRAYS, THURROCK, RM17 6DR | £260,000 | 18/11/2022 | Flat | | 83 CONWAY GARDENS, GRAYS, THURROCK, RM17 6HE | £222,000 | 31/10/2022 | Flat | | 302 SEABROOKE RISE, GRAYS, THURROCK, RM17 6BS | £260,000 | 18/10/2022 | Flat | | CHEVRON HOUSE FLAT 29 CREST AVENUE, GRAYS, THURROCK, RM17 6RZ | £148,000 | 16/09/2022 | Flat | | VERT HOUSE FLAT 214 FALCON AVENUE, GRAYS, THURROCK, RM17 6SE | £125,000 | 17/06/2022 | Flat | | 1 CONWAY GARDENS, GRAYS, THURROCK, RM17 6HE | £110,000 | 14/06/2022 | Flat | | CHEVRON HOUSE FLAT 10 CREST AVENUE, GRAYS, THURROCK, RM17 6RZ | £140,000 | 29/04/2022 | Flat | | 50 SEABROOKE RISE, GRAYS, THURROCK, RM17 6DR | £247,500 | 29/04/2022 | Flat | | 39 CONWAY GARDENS, GRAYS, THURROCK, RM17 6HE | £125,000 | 13/04/2022 | Flat | | SEJANT HOUSE FLAT 9 BRIDGE ROAD, GRAYS, THURROCK, RM17 6RT | £146,500 | 30/03/2022 | Flat | | 36B BRIDGE ROAD, GRAYS, THURROCK, RM17 6BU | £125,000 | 25/03/2022 | Flat | | 7 MANOR WAY, GRAYS, THURROCK, RM17 6RN | £364,500 | 25/03/2022 | Flat | | CHEVRON HOUSE FLAT 11 CREST AVENUE, GRAYS, THURROCK, RM17 6RZ | £170,000 | 23/03/2022 | Flat | | 234 SEABROOKE RISE, GRAYS, THURROCK, RM17 6BL | £242,000 | 11/02/2022 | Flat | **Area average:** £188,275 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £192,242 (31 Flat, RM17, 2024–2026) - **Deviation:** -32.4% ## Rental Range *ONS Price Index of Private Rents (Thurrock). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,220/mo - **Realistic:** £1,355/mo - **Optimistic:** £1,491/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for South West Essex (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £773/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 | |------|------|------|------|------| | 1 Bed Flat, Conway Gardens, RM17 | £1,250/mo | 1 | 0.2 miles | OpenRent | | 1 Bed Flat, High Street, RM17 | £1,300/mo | 1 | 0.42 miles | OpenRent | | Studio Flat, Newburgh Road, RM17 | £1,000/mo | 1 | 0.53 miles | OpenRent | | Studio Flat, Grays, RM17 | £1,100/mo | 1 | 0.8 miles | OpenRent | **Average rent: £1,163/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.9% (okay) - **Max investor price (0.8%):** £146,875 - **Target investor price (1%):** £117,500 *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 £1,175/mo).* - **Gross yield:** 10.8% - **Cost-to-rent:** 9.2× - **Monthly cashflow:** £521/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 16.6% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 23.8% - **10y growth:** 19.2% ## House Price Index (HM Land Registry) *Official index for Thurrock; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -4.1% - **5y growth (index):** 1.8% - **10y growth (index):** 18.5% ## 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)