Summary -
38b High Street,ADDLESTONE,KT15 1TR
KT15 1TR
1 bed 1 bath Flat
Freehold one-bed investment with rear land and immediate rental income.
10.1% net yield at current rent of £1,100 pcm
A one-bedroom freehold flat on Addlestone High Street offered with an existing tenant paying £1,100 pcm, giving a circa 10.1% yield from the lower guide price. The flat is presented as a turnkey rental with simple accommodation: bedroom, living/kitchen area, bathroom and a small patio garden. The sale includes the freehold to No. 38 and approximately 50 sqm of rear land — useful for storage, private outdoor space or future value enhancement.
This is an unconditional auction lot with completion typically required 28 days after the sale. Bidders should budget for the usual auction costs: 10% deposit on fall of the hammer (minimum £5,000), a buyers’ administration fee of £1,200 + VAT, and any other fees set out in the legal pack. The freehold status removes leasehold complications but buyers must review the legal documentation for ground rent arrangements linked to flat 38a.
Location advantages include immediate High Street amenities, fast broadband and excellent mobile signal, making the property straightforward to let. However, the area records higher local crime rates and the plot is very small, so outdoor space and privacy are limited. Investors seeking a simple, income-producing asset with clear auction timelines and modest improvement potential will find this a practical addition to a rented portfolio, provided they allow for auction fees and the local area considerations.
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