3-bedroom flat · RH1 3EA
For saleListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three bedroom apartment offered to the market with substantial accommodation, own front door, double glazing, central heating, kitchen/breakfast room, sitting room and family bathroom.
The property is situated in the heart of Merstham Village with a two minute walk to Merstham mainline railway station which offers good commuter links to London, Brighton and the South coast.
Bus routes serve Redhill town centre which offers a good choice of shops, restaurants and amenities including a weekly market.
The M23/25 can be accessed at the Hooley Interchange Junction 7 giving good access to London and the surrounding areas.
Double Glazed Front Door Leading to: Entrance Hall Front aspect obscured double glazed window, parquet flooring, stairs leading up to first floor landing, storage cupboard, smoke alarm.
First Floor Landing Front aspect Upvc double glazed windows, access to loft via hatch, storage cupboard with shelving, airing cupboard with shelving, side aspect Upvc double glazed window, door to: Kitchen/Breakfast Room (5.26m x 2.26m (17'3 x 7'5)) A range of base level units, wood stripped flooring, side aspect double glazed windows, radiator, power points, roll top work surface, stainless steel sink with mixer tap, space for American style fridge/freezer, space for cooker, wall mounted boiler, tiled walls, space and plumbing for washing machine.
Living Room (5.44m x 4.04m (17'10 x 13'3)) A double aspect room with front and side aspect Upvc double glazed windows, radiator, power points, built in shelving.
Family Bathroom A white three piece suite comprising pedestal wash hand basin with mixer tap, low level WC, panel enclosed bath with mixer tap and shower over bath, tiled walls, radiator, rear aspect obscured Upvc double glazed window, wall mounted medicine cabinet, .
Main Bedroom (5.59m x 2.69m (18'4 x 8'10)) Front aspect and rear aspect Upvc double glazed windows, radiator, power points.
Bedroom 2 (4.42m x 2.72m (14'6 x 8'11)) Upvc double glazed window, radiator, wood flooring, power points.
Bedroom 3 (4.19m x 2.72m (13'9 x 8'11)) Side aspect Upvc double glazed window, radiator, power points. Lease: 83 years remaining. Ground Rent £100 pa. Council Tax Band C
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
Agent & docs
FAQ
About 4, High Street, Merstham
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