Instantly find listings for sale in your area

5 bed Not Specified property

Available

For Sale

Listed Jul 16, 2025

Save Redhill area

Save listing

Manage library Close

Back to page

Back to photos View full size

◀

▶

1 / 6

£420,000

Available

Mouseprice is the only UK property site with a Value Guide. We have compared the asking price to our own Mouseprice valuation to help you make an informed decision when buying or renting your next property.

Excellent value

Good value

Market price

Below average value

Maybe overpriced

The Mouseprice Value Guide tells you how the asking price of a property compares to the market price of other properties with similar attributes including property type, location and floor area. Note that some aspects of a property are not considered by the Value Guide such as the condition and home improvements so it is important you do your own research.

Value guide

What's this

Make inquiry

Description

"*For sale via secure sale online bidding terms and conditions apply.* Starting Bid £475,000

Freehold House split into 5 self contained Flats and PLANNING APPROVED for an adjacent Detached Bungalow. Current Income £24,600 pa.

3 flats sold on long leases. Flats 1, 4 & 5 sold on long leases Ground Rent £1,100 pa.
2 flats let on ASTs. Flat 2 1 bed & Flat 3 studio worth in excess of £400,000 and currently let for £23,500 pa.
Ample parking
Communal garden
Adjacent Building Plot with Planning Permission for a detached bungalow.

Freehold property including three leasehold flats and two owned and let flats

Flat 1 Lease 166 years from 1989. Ground rent £150 pa. Ground Floor

Flat 2 Lease 125 years from 2010. Let £1,095 pcm. Ground rent £400 pa. Ground Floor with patio

Flat 3 Held within freehold Let £875 pcm. 1st Floor

Flat 4 Lease 172 years from 2023. Ground rent £150 pa. 1st Floor

Flat 5 Lease 125 years from 2010. Ground rent £400 pa. 2nd Floor

Position Opposite Merstham train station and 100 yards from bus routes and local shops. Accessible to Victoria, Gatwick, Redhill, Croydon etc.

Notes Flat 3
Flat 2
Building Plot
Landlord Insures.
Maintenance Budget 25 3 2025 24 3 26 £3,380

Nb These details do not form part of any contract and are for guidance only.

"