We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · RH1 1UF
For saleListed 65 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautifully presented and generously proportioned, this impressive two-bedroom, two-bathroom apartment offers approximately 795 sq ft of bright, contemporary living space together with a substantial private balcony, all within the modern Picture House development in the heart of Redhill.
Positioned on the third floor, the apartment is thoughtfully arranged to provide an excellent balance of living and bedroom accommodation.
At the heart of the home is the spacious open-plan kitchen and reception room, measuring approximately 18'6" x 17'.
The contemporary kitchen is neatly incorporated into the main living area, leaving ample space for both dining and relaxation, while direct access onto the balcony creates a natural extension of the living space.
The private balcony extends to approximately 14'10" in length and provides a valuable outdoor area for sitting, relaxing and enjoying the elevated outlook. Both bedrooms are notably well proportioned.
The principal bedroom measures approximately 16'7" x 11'3" and benefits from its own en-suite shower room, while the second bedroom measures approximately 16'8" x 9'9", providing excellent flexibility as a second double bedroom, guest room or home-working space.
A separate main bathroom and welcoming entrance hall complete the accommodation.
The apartment is presented in very good order throughout, with a modern finish that should enable a new owner to move in and enjoy the property without the immediate need for significant updating.
Picture House is ideally positioned for central Redhill, with the railway station and town-centre amenities within easy reach, making the property particularly appealing to commuters and buyers looking for everyday convenience.
Shared Ownership The property is offered for sale through Shared Ownership with Heylo Housing. A 50% share is available at £185,000, based on a current full market value of £370,000.
Current monthly charges advised by Heylo are: Rent on the remaining 50% share: £548.64 per month Service/estate charge: £250.00 per month Heylo lease management fee: £25.02 per month Shared Ownership enables an eligible purchaser to buy a percentage of the home while paying rent on the remaining share.
Purchasers will be required to meet the relevant Shared Ownership eligibility and affordability requirements and will be financially assessed as part of the purchase process.
All measurements and charges are provided for guidance and should be verified as part of the purchase process
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About Flat Flat 29, 1, Marketfield Way, Redhill
Explore nearby