1-bedroom flat · RH6 7JG
Sold STCReduced £10k (−4.8%) on 23 SepListed 277 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Built in 2024, an energy-efficient and well-presented one double bedroom second floor apartment offering notably low running costs, ideally positioned within easy reach of Horley town centre, mainline station and Gatwick Airport.
Description The accommodation comprises an entrance hall leading through to a bright and spacious open plan kitchen/living/dining area, benefitting from two windows that allow plenty of natural light.
The modern kitchen is fitted with an electric hob and oven, washing machine, and fridge/freezer, providing a practical and contemporary space for everyday living.
Two infrared heating panels serve the living area, helping to keep running costs low.
The double bedroom enjoys a dual aspect outlook, offering a light and airy feel, and features built-in double wardrobes along with its own infrared heating panel.
Completing the accommodation is a modern shower room, fitted with a white suite comprising WC, wash hand basin, shower cubicle and infrared heated mirror.
Externally, the property benefits from an allocated parking space.
Additional advantages include low service charges of approximately £84.90 per month, low heating costs, and solar panels providing hot water, enhancing the property's energy efficiency.
An additional safety feature is a "Mistek" mist-style fire extinguisher in the living area and bedroom. An appealing and economical apartment in a convenient and well-connected location.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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 asking
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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 advisers 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
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FAQ
About Flat 4, Derant House, 149, Lumley Road, HORLEY
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