Property for sale

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Property for sale

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.