1 bed flat for sale

Lesbourne Road, Reigate RH2

**investors only - tenant in situ** A well presented, one double bedroom, split level flat in the heart of Reigate. The property is well proportioned throughout and consists of a generous bay fronted lounge/diner, fitted kitchen, dual aspect double bedroom with space for a desk and an ensuite with both a bath and separate shower. The communal entrance is shared with only one other property and the location is excellent being only a few minutes walk from the High Street and Priory Park, Reigate Train Station is also only 0.6 of a mile away.

The property is currently rented on an AST to a long term tenant at £925pcm generating a 4.93% yield. With a realistic current rentable value of £1200pcm there is plenty of scope to increase to around a 6.4% yield in the current market.

- 105 years lease remaining.

- £100pa ground rent.