Buy-to-let; Redhill, Surrey
This BTL (buy-to-let) opportunity was bought in 2017 and prior to rental only required a new bathroom suite and boiler.
This two bedroom ground floor apartment is ideally positioned for good schools, stations and the town centre. There is a garage-en-bloc, a communal garden and the property is neutrally decorated throughout.
As at September 2023, this apartment achieves a gross rental yield of around 7.12%, higher than the current average across Surrey (according to property xyz) and was valued in 2022 at £250k, almost a 10% increase.
Purchase Price:
£227,500
Latest Valuation:
£250,000
Rental Value:
£1,350 pcm
RP Property & Lettings 