3-bedroom terraced house · GU27 1HS
Listing removedListed 18 daysAuction 8 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a freehold mixed use investment on Wey Hill in Haslemere, comprising two commercial units, a one bedroom flat and a two bedroom flat, together with rear access and parking for four cars.
The property benefits from multiple established income streams, offering diversification within a single freehold asset.
The commercial units comprise 98 Wey Hill, let on a five year lease from August 2022 at £12,000 per annum and 100 Wey Hill, recently let at £10,800 per annum.
The one bedroom flat at 98a is let at £800 pcm and the two bedroom flat at 100a is let at £1,295 pcm, providing a combined current rental income of approximately £47,940 per annum.
The property has benefited from recent improvements including a new roof and replacement windows to the flats.
Situated in an established and popular part of Haslemere, Wey Hill provides a range of local shops and amenities, with the town also benefiting from strong commuter links and its proximity to the Surrey Hills.
Offered by auction, the property represents an attractive opportunity for investors seeking an income-producing freehold asset with established tenants, multiple income streams, parking and potential for future rental growth.
Auction To be sold by online auction (unconditional) on Wednesday 30th September 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk. Viewings will be subject to access from the tenants.
Registration All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure Freehold with tenants in situ.
Tenancies 98 - Let on a 5 year lease from August 2022 at £12,00pa 98A - Let on an AST at £800pcm 100 - Let on an AST at £10,900pa 100A - Let on an AST for £1,295pcm from 8/1/26 EPC rating 98 - TBC 98A - TBC 100 - C 100A - D Business rates as of 1st April 2026 98 - £11,250 Shop and premises 100 - £8,500 Shop and premises Council tax band Waverley 98A - B 100A - C Legal pack For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors.
If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices Guide Prices are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a lot will sell for and may change at any time prior to the auction.
Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price.
Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion.
Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller.
Both parties are legally bound to complete the transaction as per the special conditions in the legal pack.
Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit.
We will contact you after the auction has finished to make these arrangements.
Pre-auction offers These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers.
Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding.
If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction.
Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Wey Hill, Haslemere, Surrey
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