2-bedroom flat · RH1 6HQ
Sold STCListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom property in a superb location, close to Earlswood station and opposite Earlswood common, with a private garden, long lease, garage and allocated parking.
This spacious apartment has a great outlook, with the benefit of two double bedrooms, a bathroom with a double glazed window, a bright, dual aspect lounge/dining room and a separate fitted kitchen.
The property benefits from double glazed windows and gas central heating.
In addition, the building has undergone recent improvements, including a new roof, resurfaced driveway and marked parking bays.
Out the front of the building there is a green space with a children's play area at the far end near Earlswood Road.
In addition, the beautiful Earlswood common, with its wooded walks and boating lake, complete with cafe, is just on the other side of the road.
Around the corner you have a local shop, as well as a popular pub and a well establish Indian restaurant.
Next to the shops is Earlswood mainline train station, which offers direct trains to central London, as well as services to Gatwick and the south coast.
Room Dimensions: Private Front Door Entrance Hall Lounge (5.21m x 3.12m (17'1 x 10'3)) Kitchen (3.48m x 1.83m (11'5 x 6'0)) Bedroom One (3.94m x 3.30m (12'11 x 10'10)) Bedroom Two (3.33m x 3.05m (10'11 x 10'0)) Bathroom (2.08m x 1.65m (6'10 x 5'5)) Gas Central Heating Double Glazed Windows Private Rear Garden Garage En Block Allocated Parking Space Years Remaining On Lease: 164 Ground Rent: £100 Per Annum Service Charges: £2,000 Per Annum
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 2 Commonside, Common Road, Redhill
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