Summary - 21a, Garlands Road RH1 6NX
1 bed 1 bath Ground Flat
Compact buy-to-let near Redhill station with strong advertised yield — sold at auction.
Chain-free one-bedroom ground-floor flat, circa 347 sq ft
Advertised rental £1,200 pcm — circa 9.4% yield (subject to change)
Long lease: 114 years remaining
Sold by Modern Auction; undisclosed reserve and buyer fees apply
Service charge £620 pa (below average); ground rent £300 pa (average)
Small footprint and linear layout — best for single occupier or investor
Modern bathroom and double glazing; fast broadband, excellent mobile signal
Local crime recorded as high — consider management/insurance costs
Located a short walk from Redhill station, this compact one-bedroom ground-floor flat offers immediate rental potential in a well-connected town centre spot. The current advertised rental return of £1,200 pcm (circa 9.4% yield) highlights strong investor interest; the flat is chain-free and comes with a long lease (114 years remaining).
The apartment sits within a Victorian mid-terrace and benefits from recent double glazing, modern bathroom fittings and an open-plan lounge/kitchen that maximises the small footprint. Fast broadband and excellent mobile signal support lettings to professionals who commute to London, Gatwick or nearby Reigate.
Buyers should note this property is being sold via the Modern Method of Auction: an undisclosed reserve, mandatory reservation fee (4.5% of the purchase price, minimum £6,600) and additional buyer fees apply. It is leasehold with a service charge of £620 (below average) and an average ground rent of £300 — these ongoing costs will affect net returns.
The flat’s size is small (approximately 347 sq ft) and layout is compact, so it suits single professionals or as a buy-to-let rather than families. The surrounding area is described as very affluent overall, but local crime levels are high; prospective buyers and landlords should factor this into management and insurance decisions and carry out their own due diligence before bidding.
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