1-bedroom house · KT17 1JA
Listing removedListed 124 daysAuction 15 Jul · ended
Opportunity summary
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About
Guide Price = £55,000+ **For Sale By Public Auction 15th July 2026 12:00 PM To inspect the legal documents for this property go to our website to download the legal pack** A First Floor One Bedroom Retirement Flat Tenure Leasehold.
The property is held on a 99 year lease from 9th July 2002 (thus approximately 75 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Court Recreation Ground are within easy reach. Transport links are provided by Epsom rail station.
Description The property comprises a first floor one bedroom retirement flat situated within a purpose built block arranged over ground and first floors.
Accommodation First Floor Reception Room Kitchen Bedroom Bathroom Exterior The property benefits from communal parking. Note The buyer must be over 55 years old and the flat can not be rented out.
Please refer to the legal pack for more information on eligibility.
Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating E Viewing Appointments to be Confirmed Addendum Please note that this property is subject to a Buyers Premium of £1,680 inc VAT.
This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
Value & comps
No previous sales on record.
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Returns
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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 22 Prospect Place, Epsom, Surrey, KT17 1JA
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