Summary - Canalside, Merstham, Redhill, Surrey, RH1 RH1 2NH
1 bed 1 bath Apartment
Compact modern apartment with balcony, parking and quick auction completion.
Long lease (106 years) and no onward chain
Set on the second floor (with lift) of the Watercolour development, this one-bedroom apartment offers a straightforward home or rental purchase in Merstham. The main room is open plan with a fitted kitchen, granite worktops and direct access to a private balcony that looks across the landscaped development and lagoon. The apartment includes allocated off-street parking, double glazing, gas central heating and a long lease of 106 years — practical benefits for first-time buyers or investors.
This lot is being sold via an online Secure Sale auction. Successful bidders should note auction conditions: a non-refundable 5% deposit on exchange, a reservation fee (up to 6% inc VAT, minimum £6,000 inc VAT), and a legal pack that buyers must review before bidding. Viewings are by appointment only, and identity verification is required for bidders under AML rules.
Running costs and practical points are important. Service charges average £1,756 pa and ground rent is £250 pa. Broadband speeds are reported slow in the area, though mobile signal is excellent. There is no onward chain and the apartment is in a modern development with local amenities — Tesco, nursery and a doctors’ surgery — and good rail links from Merstham and Redhill into London.
In short: a compact, low-maintenance one-bedroom with outdoor space and parking, ideal for a first purchase or buy-to-let. Potential buyers should budget for auction fees and check the legal pack and planned service charge schedule before bidding.
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