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 flat · RH1 2GS
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is accessed via a communal entrance, with the apartment itself positioned on the third floor.
Upon entering, the hallway provides access to all rooms and benefits from useful built-in storage.
The main living accommodation is a particularly generous open-plan kitchen, dining and living room, offering ample space for both seating and dining areas.
Large windows allow plenty of natural light into the room, while the kitchen is fitted with a range of modern wall and base units, work surfaces and integrated cooking appliances.
There are two well-proportioned double bedrooms. The principal bedroom benefits from its own en-suite shower room, comprising a shower enclosure, wash hand basin and WC.
The second bedroom is another good-sized double and is currently arranged to accommodate both sleeping and home-working space, demonstrating the versatility of the room.
A separate family bathroom comprises a bath, wash hand basin and WC. Externally, the development benefits from communal landscaped areas, while the property also comes with an allocated parking space.
Available to purchase on a 50% shared ownership basis for £162,500, the property provides an excellent opportunity for buyers looking to purchase within the popular Watercolour development.
Early viewings are recommended to appreciate the size, presentation and accommodation on offer.
Lease Information Lease: 999 years from January 2021 Remaining Lease: Approximately 994 years Service Charge Including Buildings Insurance: £278.84 per month Lease Management Fee: £27.49 per month Total Monthly Charges: £747.63 per month Purchase will be subject to the relevant shared ownership eligibility and affordability requirements.
This information should be confirmed by your solicitor.
Location Situated in the village of Salfords and located just south of the towns of Redhill and Reigate and north of Horley, Gatwick Airport and Crawley.
The village has its own mainline station and provides regular train services to London and the South Coast also giving easy access to the M25 and M23.
Redhill offers a shopping centre, post office, library, variety of restaurants, leisure centre and recreation grounds can all be found within the local area.
Nursery, primary and secondary schools are within easy reach and there is a wide range of countryside walks and cycle ways that can be found within close proximity.
Anti Money Laundering In accordance with the requirements of the Anti Money Laundering Act 2022, Mansell McTaggart Horley ltd mandates that prospective purchaser(s) who have an offer accepted on one of our properties undergo identification verification.
To facilitate this, we utilise MoveButler, an online platform for identity verification.
The cost for each identification check is £30, including VAT charged by MoveButler at the point of onboarding, per individual (or company) listed as a purchaser in the memorandum of sale.
This fee is non-refundable, regardless of the circumstances. Referral Fee We are pleased to offer our customers a range of additional services to help them with moving home.
None of these services are obligatory and you are free to use service providers of your choice.
Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services.
If you choose to use a service provider recommended by Mansell McTaggart, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Disclaimer Consumer Protection from Unfair Trading Regulations 2008.
We have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for purpose.
You are advised to obtain verification from your solicitor or surveyor. References to the tenure of a property are based on information supplied by the seller.
We have not had sight of the title documents and a buyer is advised to obtain verification from their solicitor.
Items shown in photographs are not included unless specifically mentioned within the sales particulars, but may be available by separate negotiation.
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
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 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 3 Corfe House, Thornton Side, Redhill
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