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

This freehold property is a split-level house with five self-contained flats, including three leasehold flats and two owned and let flats. The property has a current income of £24,600 per annum, with three flats sold on long leases and two flats let on Assured Shorthold Tenancies (ASTs). The property also comes with an adjacent building plot with planning permission for a detached bungalow, which can be sold separately for £90,000. The property benefits from ample parking, a communal garden, and is located opposite Merstham train station, with easy access to surrounding areas such as Victoria, Gatwick, Redhill, and Croydon. The property's maintenance budget is £3,380 for the period of March 2025 to March 2026.