Summary - 16 FLAT 3 GROVEHILL ROAD REDHILL RH1 6PJ
1 bed 1 bath Apartment
Compact, commuter-ready flat with private entrance and off-street parking.
Estimated 8% rental yield — strong investor appeal
This compact one-bedroom apartment presents a clear investment opportunity in central Redhill, advertised with an estimated 8% rental yield. The flat occupies 334 sq ft within a Victorian building and benefits from a private entrance, off-street parking and fast broadband—features that attract long-term tenants and professionals commuting from Redhill station.
The interior combines period character with practical modern fittings: a bright open-plan living/bedroom with large windows, a separate fitted kitchen/dining area, and a bathroom with a full-sized bath and shower. The property is leasehold with a very long 950-year lease, low ground rent of £80 per annum, and council tax in Band A, keeping running costs predictable for landlords.
Buyers should note the service charge at approximately £2,500 per year, which is relatively high for this size and will affect net yields. The building is solid brick and probably lacks cavity insulation, so further energy-efficiency improvements could be needed. The area scores well for amenities and transport but records higher local crime levels—factors investors should weigh when setting rents and screening tenants.
Overall, this is a straightforward, low-maintenance let with strong commuter appeal and long-term security from the lease length. It suits investors seeking immediate rental income and the potential to enhance value through energy upgrades or internal redecoration.
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