Land · RH1 2NH
For saleListed 4 daysAuction 19 Nov · in 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern four storey building arranged as a ground floor supermarket and 19 flats arranged over first, second and third floors.
Externally there are a number of parking spaces included within the title (refer to legal pack).
The building benefits from planning permission for an additional two storeys to provide a further six flats totalling approximately 4,357 sq ft.
Prospective purchasers are to rely on their own enquiries in this regard.
THERE HAS BEEN FIRE DAMAGE TO ONE OF THE FLATS WITHIN THE BLOCK THAT HAS AN ONGOING INSURANCE CLAIM - the proceeds of the insurance claim will be transferred to the Management Company who will undertake remedial works to the building (refer to the legal pack) Location : Redhill lies approximately 20 miles south of Central London and 12 miles north of Crawley and can be accessed via the A23 (London/Brighton Road) and the A25 (Nutfield Road).
It is situated just to the south of the M25 motorway and just to the west of the M23 motorway, which can be accessed via junctions 6/7 and 8/9 respectively.
Redhill railway station provides regional rail services as well as regular direct services to London Victoria, London Bridge and Brighton as well as direct services to London Gatwick Airport, which lies approximately 8 miles south of the town.
Addironally numerous bus routes serve the area.
Canalside lies approximately 1.5 miles north east of the town centre running east from Trowers Way in an area that has seen much development in recent years.
The property lies on the north side of the road in a mainly residential location.
Tenancy : The ground and upper floors are sold off on 999 year leases from April 2022 at a peppercorn (refer to the legal pack for copies of the head leases).
Online Auction on Thursday, 19 November 2026. For further information, such as legal documents and property information, please visit bidx1.com.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 73 Canalside, Redhill, South East, RH1 2NH
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