2-bedroom flat · RH1 2NH
Listing removedListed 88 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Knights - The Lettings Specialists are pleased to exclusively offer for rent this modern two double bedroom, two bathroom apartment with balcony on the ever-popular Watercolour development, approximately one mile from both Redhill and Merstham mainline rail stations.
A stone's throw from the gorgeous lagoon, perfect for a stroll around at any time of the day and a picturesque retreat from the hustle and bustle of everyday life.
If you are a commuter then you will be delighted to know Redhill and Merstham train station are an easy walk away making your daily trips into the bright lights of the big city stress free.
Set in a lovely position in the exclusive "Watercolour" development, a few minutes stroll to the nursery, Tesco Express (currently closed), and Vets, and children's playground.
Lime Tree Primary School Ofsted: Outstanding and Mercers Lake & Cafe are also nearby.
The property in brief comprises of: Entrance Hall Lounge/Kitchen Area: 23'4 x 10'3 Bedroom one: 14'5 x 9'10 En-Suite Shower Bedroom two: 12'1 x 9'9 Family Bathroom Security Entry System, Allocated Parking and Visitor Parking.
Nb. A recent fire in the communal bin store has resulted in the temporary closure of the Tesco Express beneath the development while repair works are carried out.
Photographs are from 2018 approximately. Video tour was recorded July 2026.
Unfurnished Available early September 2026 EPC rating: C council tax band: C Reservation Deposit: £346 (equivalent to one weeks rent) Rent: £1500 Deposit: £1730 Parking: Allocated Space & Visitor Parking Heating: Electric Mains Electricity Mains Water Mains Drainage Broadband speed and Mobile coverage – Please check the Ofcom website for services and speeds - see photographs in advert.
Covenants may apply to this property. Please speak to the agent for more information. Easements may apply to this property. Please speak to the agent for more information.
Tenants should consult the Reigate & Banstead Council Planning Application Register for information on any nearby planning permissions.
Postcode:RH1 2NH These particulars, the Video Tour and all marketing material is issued for guidance purposes only.
They are prepared and issued in good faith and are intended to give a fair summary of the property.
Any description or information given should not be relied upon as a statement or representation of fact. Photographs show only certain parts of the property at the time they were taken.
Any areas, measurements or distances given are only approximate. Prospective applicants must satisfy themselves by inspection as to these and other relevant details.
We are experiencing record numbers of tenant enquiry, whilst at the same time observing record low housing supply.
We will always endeavour to contact each enquiry where possible however, we cannot guarantee all parties a viewing slot.
Prospective tenants will not be able to book a viewing without first seeing the Video Tour.
The Landlord and their agent reserve the right to select a Tenant based on merits rather than on a first come, first served basis.
Opening hours Monday - Friday 09.00 – 17.30 Saturday 09.00 – 13.00* Sunday - closed *by appointment only
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
Agent & docs
FAQ
About 81, Canalside, Redhill
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