Summary - 2 FLAT 2 STATION ROAD MERSTHAM REDHILL RH1 3EE
5 bed 5 bath Not Specified
**Standout Features:**
- Freehold Victorian semi-detached house converted into 5 self-contained flats
- 5 bedrooms and 5 bathrooms, generating a current income of £24,600 pa
- Planning permission approved for an adjacent detached bungalow
- Large plot size with ample off-street parking and communal garden
- Situated opposite Merstham train station with excellent transportation links
**Concerns:**
- Above-average crime rate in the area
- Older construction (pre-1900), potential for renovation needs (insulation unknown)
- Higher ground rent and service charge
Discover a unique investment opportunity at this Victorian semi-detached freehold house on Station Road, RH1 3EE, currently divided into five self-contained flats. With a solid income of £24,600 per annum from two fully-occupied flats and three additional long-leased properties, this is an ideal purchase for investors looking for reliable returns. The property’s charm is complemented by its spacious communal garden, ample parking, and its prime location just steps from Merstham train station.
Potential to boost income further through minor renovations or by capitalizing on the approved planning permission for an adjoining detached bungalow, which can be sold separately for £90,000. While the rental potential is compelling, prospective buyers should consider the property's age and possible maintenance needs, as well as the area’s above-average crime rate. Don't miss out on this exclusive chance to secure a flexible investment in a growing neighborhood!
Property for sale in 5 Flats - Freehold & Building Plot Station Road, Merstham, Redhill, Surrey, RH1 3EE, RH1 — £375,000 • 1 bed • 1 bath • 676 ft²
5 bedroom semi-detached house for sale in High Street, Merstham, Redhill, RH1 — £650,000 • 5 bed • 3 bath • 2309 ft²
4 bedroom block of apartments for sale in St. John's Terrace Road, Redhill, Surrey, RH1 — £675,000 • 4 bed • 4 bath
1 bedroom flat for sale in Malmstone Avenue, Merstham, RH1 — £250,000 • 1 bed • 1 bath • 510 ft²
2 bedroom ground floor flat for sale in School Hill, Merstham, Dorking, Surrey, RH1 — £350,000 • 2 bed • 1 bath • 808 ft²
3 bedroom semi-detached house for sale in Brook Road, Merstham, Redhill, RH1 — £500,000 • 3 bed • 1 bath • 1049 ft²
