25 Queen Mary Court, Queen Mary Avenue, East Tilbury, Essex, RM18 8NR

Description

This vacant two bedroom flat is located on the ground floor of this purpose built block. The building has off-road parking to the rear and communal garden areas and East Tilbury railway station is approx 0.6 miles away. The property is in need of some improvement / upgrading and is considered suitable for both owner occupiers and investors alike.

Accommodation

Communal Entrance Hall - leads to: Entrance Porch; Entrance Hall - storage cupboard; Lounge / Diner: 16' x 11'4 - door to: Kitchen: 8'6 max x 8'5 max - built-in storage cupboard; Bedroom One: 12'7 x 9'3; Bedroom Two: 9'1 x 6'9; Bathroom / Wc. Externally: Residents Parking; Communal Gardens.

Location

East Tilbury railway station is approximately 0.6 miles away.

Tenure / Property Information

Investment Analysis

Five completed leasehold flat/maisonette sales are supplied from Queen Mary Court, ranging from £124,000 to £193,500. The two most recent sales were £170,000 in January and July 2025. As bedroom count, condition, floor, lease terms and exact unit comparability are not supplied, a cautious base GDV of £170,000 is used, with a supported evidence range of £170,000–£185,000. The £124,000 and £193,500 sales indicate wider uncertainty but are not adopted as the primary scenario range.

Investment Snapshot

Strategy Recommendation

Investigate as a potential value-add purchase, subject to inspection, lease and service-charge review, verified costs and resale evidence for comparable two-bedroom units. Do not bid solely on the apparent GDV spread.

Works Required

The property is described as needing some improvement/upgrading. The precise works are not evidenced, so the scope and budget require inspection and contractor pricing before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £76,500 guide, the indicative 75% refinance of the £170,000 base GDV would be £127,500. However, refurbishment, acquisition fees, leasehold costs, finance costs and rent are unsupported, so cash left in and overall BRRR viability cannot be reliably calculated.

Buy-to-Let Analysis

BTL assessment cannot establish a rent or yield because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide is £76,500 plus fees, but buyer costs, lease costs and refurbishment costs are unavailable.

Flip Analysis

The supplied same-block sales support a base GDV of £170,000 and a high scenario of £185,000. A flip surplus cannot be calculated because refurbishment costs, acquisition fees and selling costs are not supplied. The apparent guide-to-GDV gap should not be treated as profit.

Investor Risks & Due Diligence

• Lease term, ground rent and service-charge information are not supplied.

• The extent and cost of the required improvement/upgrading are unknown.

• No sufficiently specific rental evidence is available, preventing reliable yield analysis.

• Buyer, administration and other auction fees are not quantified despite the guide being stated as plus fees.

• The completed sales do not provide bedroom count, condition, floor or exact-unit details, creating GDV comparability risk.

Recommendation

Investigate as a potential value-add purchase, subject to inspection, lease and service-charge review, verified costs and resale evidence for comparable two-bedroom units. Do not bid solely on the apparent GDV spread.

Strategy Rating

Analysis Confidence

There are multiple recent completed sales from the same court, but the comparables lack unit-specific details and there is no rent, lease, service-charge, EPC, works budget or fee information.