Summary - 2 FLAT 5 STATION ROAD MERSTHAM REDHILL RH1 3EE
1 bed 1 bath Not Specified
Five-flat freehold with income and development plot — investor development potential..
5 flats freehold plus building plot with bungalow planning permission
A substantial freehold Victorian house converted into five self-contained flats plus a large adjacent building plot with planning permission for a detached bungalow. The lot currently produces reported income of £24,600 pa from a mix of two privately let flats and three long-lease units; two flats are occupied on ASTs. Ample off-street parking and a communal garden add tenant appeal, and the Victorian features offer character and rental potential.
This is a clear opportunity for an investor or developer comfortable with mixed-tenure management. Three flats are sold on long leases (varied ground rents) while two units are held and let, giving immediate cashflow. The adjacent plot with planning permission for a bungalow adds development upside and scope to increase asset value.
Buyers should note material considerations: the property will be sold at auction, it has not been physically inspected, and ground rent totals include several higher charges (notably £1,100 pa overall figure cited). Crime in the area is above average; buyer research on local demand and management costs is advised. Terms of sale are via secure online bidding, with applicable terms and conditions.
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