1-bedroom flat · RH1 1TG
For saleListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This bright and cosy one-bedroom apartment is now available in Redhill through Shared Ownership.
Situated on the first floor, the property comprises a welcoming entrance hall with built-in storage, a spacious living room with a modern open-plan kitchen, a double bedroom, and a contemporary bathroom.
Outside, residents can enjoy a private balcony, and the property also benefits from off-street parking.
Ideal for first-time buyers, singles, or couples seeking a comfortable and well-presented home in a desirable location. Available for £57,000 for 30% share based on the marketing figure of £190,000.
Monthly rent - £316.12 Monthly Service Charge - £484.02 Total Monthly Charge - £800.14 plus mortgage required for 30% share.
On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge.
Where charges are not billed monthly, purchasers will be informed before proceeding.
An annual rent increase takes place every April Location Living in Redhill offers modern and convenient living in the heart of Redhill, one of Surrey's most well-connected commuter towns.
Ideally situated close to Redhill town centre, residents can enjoy a wide range of shops, supermarkets, cafés, restaurants, and leisure facilities, as well as nearby green spaces and countryside walks.
The property is particularly attractive for commuters, with Redhill railway station within easy reach, providing frequent direct services to London Victoria, London Bridge, Gatwick Airport, Reading, and Brighton.
Road links are equally impressive, with convenient access to the M25, M23, and A23, enabling straightforward travel to Central London, Gatwick Airport, the South Coast, and the wider motorway network.
Combining excellent local amenities, outstanding transport connections, and a vibrant town-centre setting, Grove Court is ideally suited to professionals, commuters, and those seeking a balanced lifestyle with easy access to both London and the countryside.
EPC rating Energy rating band - B Environmental impact band - B Other information How we allocate Shared Ownership homes We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria.
Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority.
All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.
If the home is managed by so Resi and mtvh You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.
If the home is managed by another provider Visit their website to find their allocation policy. Contact us if you have any questions.
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home.
We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
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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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.
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FAQ
About Grove Court Gumbrell Mews, Redhill
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