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 house · RH1 1NX
For saleListed 570 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** for residents over 55 years old *** *** two bedroom first floor apartment within holmesdale manor, only half A mile from town *** Set within a private, gated development and benefitting from lovely gardens and communal spaces, this spacious first floor apartment is offered for sale with no chain.
The property has a good size entrance hall with ample built in storage and an airing cupboard.
There is a lounge/dining room, with a double glazed window to the front, and a door to a separate fitted kitchen.
You have a main bathroom, two double bedrooms, with the principal bedroom benefitting from extensive fitted wardrobes and a large en-suite shower room.
The property is fully double glazed, with gas fired central heating and the remainder of a 999 year lease.
Communal facilities at Holmesdale Manor include a bright residents lounge with kitchen facilities, a guest suite, beautifully kept gardens and a warden in attendance Monday to Friday.
Location wise, Holmesdale Manor is superbly situated for Redhill town centre and station, being only a short walk and also within easy reach of Redhill memorial park, which itself has a very popular café.
Within the town centre there are plenty of high street shops, a regular local market and a new multi screen cinema complex.
Room Dimensions: Entrance Hall (4.93m x 2.18m (16'2 x 7'2)) Lounge/Dining Room (5.94m x 3.33m (19'6 x 10'11)) Kitchen (2.62m x 2.44m (8'7 x 8'0)) Bedroom One (5.18m x 3.28m (17'0 x 10'9)) Ensuite Shower Room (2.92m x 2.57m (9'7 x 8'5)) Bedroom Two (3.66m x 2.39m (12'0 x 7'10)) Bathroom (2.44m x 1.93m (8'0 x 6'4)) Gas Central Heating Double Glazed Windows Communal Gardens Residents & Visitor Parking Years Remaining On Lease: 979 Ground Rent: £406 Per Annum Service Charges: £357.97 Per Month
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 16 Holmesdale Manor, 89, Ladbroke Road, Redhill
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