3-bedroom house · RH1 3AD
Listing removedListed 166 days
Opportunity summary
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About
A characterful detached home occupying a wonderful elevated position on the sought-after slopes of Shepherds Hill, set within beautifully established grounds of approximately 0.74 acres with far-reaching views across the surrounding countryside.
Owned by the same family for nearly twenty years, the property offers well-balanced accommodation extending to approximately 1,792 sq ft (excluding garage), with excellent potential for updating, remodelling or extension, subject usual consents.
The ground floor provides a flowing and versatile layout ideally suited to both family living and entertaining.
A welcoming entrance hall leads through to two good sized reception rooms, including a double aspect sitting room with bay window and separate dining room, both enjoying attractive outlooks across the gardens.
The kitchen is bright and practical in layout, opening through to a large conservatory which draws in excellent natural light and provides direct access to the gardens.
A ground floor bathroom completes the ground floor accommodation. Upstairs, the bedroom accommodation is particularly well proportioned, with three double bedrooms arranged around a spacious landing.
One of the bedrooms features sliding doors opening onto a large balcony overlooking the rear garden and surrounding woodland, whilst the principal bedroom benefits from extensive fitted storage.
There is also a family bathroom.
The property retains much of its original character and charm throughout, whilst offering an exciting opportunity for an incoming purchaser to create a truly exceptional family home in one of the area's most picturesque settings.
Outside: The property sits within mature grounds of approximately 0.74 acres, enjoying a private setting surrounded by established woodland and greenery.
The property is approached over a long driveway providing ample parking and leads to a detached double garage.
The rear garden is a particular feature of the property, mainly laid to lawn with mature trees, established planting and far-reaching views across the countryside beyond.
A terrace with seating area and hot tub enjoys an elevated position overlooking the surrounding landscape.
Location: Situated on the edge of the North Downs, within an area of outstanding natural beauty, the property enjoys a semi-rural setting with excellent access to open countryside, walking routes and local bridleways, while remaining well connected for daily travel.
Merstham station is just 0.9 miles away and offers direct services to London Bridge (from 27 minutes) and London Victoria (from 34 minutes), making it ideal for commuters.
The nearby A23 links quickly to both the M25 (Junction 7) and M23, putting central London, the South Coast and Gatwick Airport (around 12 miles) all within easy reach.
Reigate, Redhill and Caterham town centres are all within a short drive, offering a choice of supermarkets, shops, restaurants and cafes, along with leisure facilities and access to local parks.
The area is known for its choice of well-regarded state and independent schools.
These include The Hawthorns (3.2 miles), Royal Alexandra and Albert (2.1 miles), Caterham School (4.5 miles), Oakhyrst Grange (3.7 miles), Whitgift School (7.8 miles), St Bede’s (2.8 miles), Reigate Grammar (4.0 miles) and Dunottar (4.0 miles).
Services: Electricity, Gas, Private drainage Council: Reigate & Banstead Tax Band: G
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Applegate, Shepherds Hill, Redhill
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