£225,000
1 bed flat for sale
Lesbourne Road, Reigate RH2Leasehold
1 bed
1 bath
1 reception
Key information
Tenure
Leasehold (Ask agent)
Service charge
Council tax band
C
Ground rent
Ground rent date of next review
About this property
Investors Only
One Double Bedroom With En-suite
Split Level Flat
Well Presented
Spacious Throughout
Generous Lounge/Diner
Fully Fitted Kitchen
Short Walk to Reigate High Street & Priory Park
0.6 of a Mile of Reigate br
Tenant in Situ
**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.
Stamp duty calculator
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More information
Listed by
Clarendons - Surrey and West Sussex
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