1-bedroom flat · RH19 1AP
Let agreedReduced £150 (−11.5%) on 25 SepListed 95 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern one bedroom apartment in a prime position in East Grinstead town centre and within walking distance of a mainline station.
VIEWING Strictly by appointment with the landlord’s letting agents – RH & RW Clutton - .
SITUATION The properties are ideally situated in East Grinstead town centre, above the Martells Toy Shop, which has a variety of restaurants, specialist retailers, bus and coach services and leisure facilities.
The railway station with services to London via Croydon (approx 1 hr) is a 10 minute walk from the property. Gatwick Airport is also within easy reach.
DESCRIPTION The property is found on the second floor, above a parade of shops, and forms part of a collection of seven self contained apartments.
No 11 has an open plan layout with a modern fitted kitchen and living space, a good sized double bedroom and a shower room. Private, secure parking may be available by separate negotiation.
Otherwise, parking is available in East Grinstead’s public carparks and prospective tenants are encouraged to investigate the availability of resident’s parking permits with Mid Sussex District Council.
Further newly converted apartments within the building will be coming to the market shortly, please contact us to register your interest.
GENERAL REMARKS TENANCY The property is to be let unfurnished on an Assured Periodic Tenancy.
TENANCY APPLICATIONS & HOLDING DEPOSIT Prospective tenants will be required to complete a preliminary application form should they wish to be considered for a tenancy.
If you are successful in your initial application, RH & RW Clutton will collect the Holding Deposit (equivalent to one weeks’ rent) and will issue third-party referencing forms for completion.
TENANCY DEPOSIT A deposit the equivalent to 5 weeks’ rent will be payable prior to the commencement of the tenancy.
This will be held by RH & RW Clutton as a stakeholder in a designated Client Monies Account and will be registered with the Tenancy Deposit Scheme.
The deposit will be refunded at the end of the tenancy, subject to the property being given up in a satisfactory condition and with no rent arrears or outstanding charges for which the tenant is responsible.
The deposit may not be used in lieu of rent by the tenant.
REFERENCING & RIGHT TO RENT CHECKS Prospective tenants will need to be credit-checked and fully referenced to include a financial and personal references and references from a previous landlord, if applicable.
Copies of identification documents will be required as proof of identity to satisfy the Right to Rent Legislation and a utility bill will be required as proof of registered address.
OUTGOINGS & OTHER CHARGES For the duration of the tenancy, the tenant will be required to pay the Council Tax to Mid Sussex County Council, Utilities, Communication Services (telephone/internet etc), TV Licence and any Green Deal Finance charges directly to the suppliers.
For a full scale of RH & RW Clutton’s Tenants Fees please visit SERVICES Mains electricity, water and drainage. The property is fully double glazed and benefits from wall mounted electric heaters.
ENERGY PERFORMANCE CERTIFICATE (EPC) The property has been given an EPC rating of C. MAINTENANCE The tenant will be responsible for maintaining the interior of the property.
The landlord will be responsible for the exterior and structure.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 London Road, East Grinstead
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