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Property for sale
5 Flats - Freehold & Building Plot Station Road, Merstham, Redhill, Surrey, RH1 3EE
£375,000
5 Flats - Freehold & Building Plot Station Road, Merstham, Redhill, Surrey, RH1 3EE
£375,000
Price History
Initial price | £475,000 |
26/06/25 | £427,500 |
16/07/25 | £375,000 |
Price Change | -21.05% |
Description
This freehold property is being sold via online bidding and consists of a house split into five self-contained flats, as well as a building plot for a detached bungalow. The property generates an annual income of £24,600, with three flats sold on long leases and two flats let on assured shorthold tenancies. The property features ample parking, a communal garden, and adjacent building plot with planning permission for a detached bungalow. The flats vary in size and lease length, with some sold on long leases and others let on ASTs. The property has not been inspected, but it offers a unique investment opportunity with potential for further development.