2-bedroom flat · RH1 6PG
Listing removedListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This top floor, two bedroom apartment is offered for sale in good condition, and with the benefit of no ongoing chain.
Through the front door there is an entrance hall with loft access and built in storage. At the end of the hall there is a spacious kitchen which has double door through to a lounge/dining room.
You have a newly fitted bathroom, a large double bedroom and an additional bedroom. Outside there are communal gardens and ample parking for residents.
The property also benefit from double glazed windows, gas central heating and a 130 year lease.
Nearby you have access to the extensive green space that is Redhill common, where there are extensive woods and a lovely elevated viewing spot, where you can see across Surrey and West Sussex.
You also have a couple of local shops within a few minutes walk.
Redhill town centre can be found half a mile away, and offers a great range of shops, as well as a multi screen cinema and entertainment complex, 24 hour gym and extensive train services to London, Guildford, Reading, Gatwick and Tonbridge.
Room Dimensions: Entrance Hall (4.52m x 0.91m (14'10 x 3'0)) Lounge (4.72m x 4.19m (15'6 x 13'9)) Kitchen (4.01m x 2.46m (13'2 x 8'1)) Bedroom One (4.17m x 3.45m (13'8 x 11'4)) Bedroom Two (3.00m x 2.51m (9'10 x 8'3)) Bathroom (2.97m x 1.91m (9'9 x 6'3)) Gas Central Heating Double Glazed Windows Communal Gardens Communal Parking Years Remaining On Lease: 130 Ground Rent: £100 Per Annum Service Charges: £1,560 Per Annum Contribution To Buildings Insurance: £228
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 30 Ridgeway Court, Ridgeway Road, Redhill
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