1-bedroom flat · RH1 3BN
For saleReduced £7.5k (−3.3%) on 29 JunListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish, bright and airy one-bedroom first-floor conversion apartment within this historic Victorian building.
The main living space is open plan to a sleek high-gloss kitchen with integrated high-end appliances and features a square bay window and a dining area.
The double bedroom and the luxuriously appointed bathroom are off of the entrance hall.
Overall, this apartment combines historic character with contemporary comforts, making it a perfect home for anyone seeking a stylish urban lifestyle and needing to catch a fast train service to London and/or Brighton on the south coast.
Equally the property is ideally located for swift access to Gatwick Airport. Outside there are attractive communal gardens, security-gated allocated parking, and visitor parking.
The property benefits from 992 years remaining on the lease and entryphone security.
There are local shops and eateries on the village high street, while comprehensive facilities can be found in the vibrant nearby towns of Redhill and Reigate, and the M25 and M23 can be easily accessed via the Reigate Hill interchange.
Merstham Station provides services on the London to Brighton line
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
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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
Agent & docs
FAQ
About 12 Greystone Court, 229 London Road North, Redhill
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