1 bed flat for sale

16 Grovehill Road, Redhill RH1

A ready-made investment opportunity located within a consistently strong rental area in Redhill, with potential to generate approximately £1,300 pcm from reliable long-term tenants with no arrears history, offering a secure income-producing asset from day one.

Priced competitively below comparable market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 13%. Comparable rental properties within the RH1 area and wider Redhill market are achieving approximately £1,250–£1,600 pcm, reflecting strong commuter demand driven by direct rail links into London and continued pressure for quality rental stock in the Surrey market.

The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any portfolio. Grovehill Road benefits from a well-connected residential setting close to Redhill town centre, local schools, transport links and everyday amenities, ensuring consistent tenant demand and long-term investment stability.

Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.