Initial price	£475,000
06/06/25	£420,000
23/07/25	£375,000
Price Change	-21.05%

This freehold house has been converted into five self-contained flats, with three sold on long leases and two let on assured shorthold tenancies. The property generates an annual income of £24,600 and has a planning approval for a detached bungalow on the adjacent plot, which can be sold separately for £90,000. The property offers ample parking, a communal garden, and a convenient location opposite Merstham train station and close to local shops and bus routes. The flats have varying lease lengths and ground rents, with one flat let for £23,500 per annum and another for £1,095 per month. The property also has a maintenance budget of £3,380 for the next year.