2-bedroom flat · RH2 9NF
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two bedroom second floor retirement apartment Somers Place is set in a lovely location, close to all of the towns amenities including the train station.
This property is in outstanding condition, with a good sized Double bedroom and larger than average kitchen.
The Estates Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Estates manager is off duty there is added peace of mind provided by a 24 hour Anchor Response System.
Each property comprises an entrance hall, lounge, kitchen, bedroom and bathroom. It is a condition of purchase that residents be over the age of 60 years.
Please speak to our Property Consultant if you require information regarding 'Event fees'that may apply to this property.
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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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
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FAQ
About 39, Somers Place, Reigate
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