Summary - 38 RADSTOCK WAY MERSTHAM REDHILL RH1 3NG
3 bed 1 bath Plot
**Standout Features:**
- **Investment Opportunity:** Existing 3-bedroom property generating £1,700/month rental income.
- **Approved Planning Permission:** Plans for a new 4-bedroom end-of-terrace house; reference number 22/01207/F.
- **Parking:** Off-street parking available for both properties.
- **Decent Sized Plot:** Ample outdoor space, with room for future developments.
- **Family Home:** Existing house offers spacious living with a conservatory and modern amenities.
**Notable Concerns:**
- Current property lacks insulation (assumed) and will lose its downstairs cloakroom post-build.
- The rental agreement includes a reduction of £250/month once construction commences.
This rare building opportunity in the heart of RH1 3NG presents both a cozy family home and significant investment potential. The existing 3-bedroom residence is well-maintained and inviting, featuring a large living room, a modern kitchen, and good-sized bedrooms. With full planning permission to construct an additional 4-bedroom end-of-terrace house, this property allows you to capitalize on the growing housing demand.
The existing tenants are aware of the planned developments and have been reliable since July, ensuring consistent income until construction starts. The strategic planning allows for future development flexibility, making it perfect for both investors looking for income and families eager for space. The area boasts several quality schools rated 'Good' by Ofsted, adding to the property’s appeal for families.
With approved parking arrangements and a decent garden, the possibilities are vast. Don't miss this unique chance—contact for more information and imagine the future this property can hold!
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