2-bedroom flat · RH1 2FH
Listing removedListed 82 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 2917051. A superb split level penthouse apartment with stunning wrap around balcony offering beautiful views across the water lagoons and surrounding countryside.
Situated within the popular Watercolour development, the property is ideally located for Redhill train station, local bus routes and easy access to the M23 and M25.
Tesco Express is conveniently located across the road and there are lovely lagoon walks right on your doorstep.
The apartment benefits from private access, two allocated parking spaces and access to a bike store which is a rare bonus within the development.
There are two good sized double bedrooms, both with fitted wardrobes. The main bedroom benefits from an en-suite shower room and there is also a separate family bathroom.
The spacious open plan lounge, dining area and modern kitchen create a fantastic living space.
The kitchen includes an integrated fridge freezer, recently new washing machine and dishwasher together with a large island unit and gas hob.
There is plenty of storage throughout including an additional storage cupboard on the balcony.
The wrap around balcony is undoubtedly one of the property's standout features providing the perfect place to relax and enjoy the stunning views.
A truly unique apartment and one that must be viewed to be fully appreciated.
Summary & Exclusions: - Rent Amount: £1,850.00 per month (£426.92 per week) - Deposit / Bond: £1,850.00 - 2 Bedrooms - 2 Bathrooms - Property comes unfurnished - Available to move in from 18 October 2026 - Maximum number of tenants is 2 - No Students - No Smokers - Bills not included - Property has parking - Property has garden access - EPC Rating: B If calling, please quote reference: 2917051 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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