7 Bed Detached House, Planning Permission, Redhill, RH1 6HX, £625,000
Redhill, Surrey, RH1 6HX - 1 views - 7 months ago
Sold STC
Cash
Planning
~217 m²
ValuationFair Value
History
Listed for £625,000
October 26, 2023
Floor Plans
Description
Currently C2 Class Usage +
Planning Approved to Convert to 2 x Three Bedroom Semis +
Seven Bedrooms +
Large Kitchen +
Communal Lounge +
Two Bathrooms and one En-Suite Wet Room +
Private Rear Garden +
Off Street Parking +
Walking Distance To Redhill Town Centre & Mainline Station +
Vacant Possession & Chain Free +
*Cash Buyers Only* Offered to the market is this seven bedroom detached house in Earlswood, Redhill which is currently set up as a commercial special use HMO/care facility making it an ideal opportunity for any companies or charitable organisation looking to offer registered care services. Formally two, two bedroom semi detached houses, they have been knocked through to create one large property but planning permission has been granted to convert back to two, three bedroom semi detached houses, making it an attractive proposition for developers as well! The property comprises on the ground floor of entrance hall, communal lounge, large Kitchen, utility room, double bedroom with en-suite wet room, two further double bedrooms and a downstairs WC. On the first floor there are four double bedrooms, a bathroom and a shower room. To the rear there is a private garden with a patio area & shed while to the front there is off street parking and ramp providing wheelchair access.
The location is extremely convenient with Earlswood train station just 3 minutes walk way while Redhill town centre and mainline station is just a 15 minutes walk. East Surrey Hospital is just 1 mile away.
“Please note this property is currently a C2 use for the provision of residential accommodation and care to people in need of care (other than a use within class C3 (dwelling houses)). Use as a hospital or nursing home. Use as a residential school, college or training centre."
Agent Details
Clarendons, Surrey & West Sussex - Sales
01737 301399
Next Steps?
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Stats
Population in RH1
46,464
Population in Redhill
46,449
Town centre distance
0.53 miles away
Nearest school
0.20 miles away
Nearest train station
0.13 miles away
Rental demand
Landlord's market
Rental growth (12m)
+2%
Sales demand
Balanced market
Capital growth (5yrs)
+14%
Investment Opportunity
Cash In
Deposit (25%)
£156,250
Stamp duty & legals
£38,700
Refurb costs
£107,815
Total cash in
£302,765
Cash Out
Monetisation
Rent OutFlip
Rent range
£1,500 - £3,000
Rent estimate
£2,239
Revaluation
£1,105,472
New mortgage
£771,515
Cash left in
£6,469
Running costs/mo
£3,682
Cashflow/mo
£-1,443
Cashflow/yr
£-17,316
Gross yield
4%
Local Rents
21 rents
Rent
Date
Distance
Address
Beds
Type
£1,900
04/24
0.23 mi
-
3
Semi-Detached House
£2,400
02/24
0.31 mi
Tylehurst Drive, Redhill, RH1
4
Detached House
£2,000
04/24
0.43 mi
-
3
Flat
£2,700
03/24
0.44 mi
-
3
Terraced House
£1,950
03/24
0.69 mi
-
3
Terraced House
£2,600
01/24
0.72 mi
-
4
Detached House
£2,000
02/24
0.75 mi
Ranelagh Road Redhill RH1
3
Detached House
£1,850
01/24
0.78 mi
-
3
Flat
£1,500
02/24
0.81 mi
Hatchlands Road, Redhill, Surrey, RH1
3
Terraced House
£1,750
02/24
0.91 mi
-
3
Semi-Detached House
£3,000
02/24
0.92 mi
Fitzroy Place, Reigate
5
Flat
£1,800
02/24
1.01 mi
Blackthorn Road, Reigate, Surrey, RH2
3
Terraced House
£2,500
12/23
1.09 mi
Ref: GK - Woodfield Close, Redhill, RH1 2DL
3
Detached House
£2,100
09/23
1.12 mi
Albion Road, Reigate - PERIOD FEATURES
3
Flat
£2,250
02/24
1.19 mi
Durfold Drive, Reigate
3
Flat
£1,800
02/24
1.2 mi
Ref: GK - Hornbeam Road, Reigate, RH2 7NW
3
Terraced House
£2,350
02/24
1.21 mi
Hilltop Road, Reigate
3
Detached House
£2,250
02/24
1.21 mi
Durfold Drive, Reigate, RH2
3
Terraced House
£2,500
02/24
1.24 mi
Reigate Road, Reigate
5
Detached House
£2,500
02/24
1.24 mi
Reigate Road Reigate RH2
5
Detached House
£2,750
01/24
1.24 mi
London Road, Redhill
4
Detached House
Sold prices
£400K - £902.5K
Sold prices/m²
£3,066/m² - £15,138/m²
Square metres
~217 m²
Price/m²
£2,880/m²
Value estimate
£625,000
End value, after refurb
£1,105,472
Uplift in value
+77%
Local Sold Prices
50 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£655K
06/23
0.05 mi
138, Earlsbrook Road, Redhill, Surrey RH1 6HZ
£5,038
130
4
Semi-Detached House
£685.5K
05/23
0.06 mi
113, Earlsbrook Road, Redhill, Surrey RH1 6HY
£8,700
79
4
Semi-Detached House
£565K
12/20
0.12 mi
74, Earlsbrook Road, Redhill, Surrey RH1 6DP
£4,748
119
4
Semi-Detached House
£540K
02/21
0.12 mi
90, Earlsbrook Road, Redhill, Surrey RH1 6DP
£4,909
110
4
Semi-Detached House
£515K
12/22
0.13 mi
1, Emlyn Road, Redhill, Surrey RH1 6EP
£5,202
99
4
Semi-Detached House
£452.5K
12/20
0.14 mi
5, Emlyn Road, Redhill, Surrey RH1 6EP
£4,151
109
4
Semi-Detached House
£500K
09/21
0.14 mi
8, Woodlands Road, Redhill, Surrey RH1 6HA
-
-
4
Semi-Detached House
£733K
10/21
0.16 mi
19, Earlswood Road, Redhill, Surrey RH1 6HE
£5,126
143
4
Detached House
£715K
12/20
0.16 mi
15, Earlswood Road, Redhill, Surrey RH1 6HE
£6,164
116
4
Semi-Detached House
£438K
06/21
0.17 mi
9, Woodlands Avenue, Redhill, Surrey RH1 6EX
-
-
4
Semi-Detached House
£670K
02/21
0.17 mi
20, Earlswood Road, Redhill, Surrey RH1 6HW
£3,088
217
4
Detached House
£478K
04/23
0.18 mi
47, Earlswood Road, Redhill, Surrey RH1 6HJ
£4,385
109
4
Semi-Detached House
£477.5K
06/21
0.19 mi
68, St Johns Road, Redhill, Surrey RH1 6DZ
-
-
4
Semi-Detached House
£650K
11/19
0.19 mi
35, Woodlands Road, Redhill, Surrey RH1 6HB
£3,652
178
4
Semi-Detached House
£592K
03/21
0.22 mi
11, Pendleton Close, Redhill, Surrey RH1 6QY
£4,199
141
4
Terraced House
£580K
04/21
0.22 mi
10, Pendleton Close, Redhill, Surrey RH1 6QY
£4,531
128
4
Terraced House
£645K
12/22
0.22 mi
3, Pendleton Close, Redhill, Surrey RH1 6QY
£5,244
123
4
Terraced House
£635K
12/20
0.23 mi
121, Brambletye Park Road, Redhill, Surrey RH1 6EN
£6,350
100
4
Detached House
£590K
08/23
0.24 mi
112, St Johns Road, Redhill, Surrey RH1 6EB
£5,043
117
4
Semi-Detached House
£650K
08/21
0.25 mi
160, Brambletye Park Road, Redhill, Surrey RH1 6ED
-
-
4
Semi-Detached House
£620K
11/21
0.27 mi
136, Brambletye Park Road, Redhill, Surrey RH1 6ED
-
-
4
Semi-Detached House
£525K
04/23
0.29 mi
69, Tylehurst Drive, Redhill, Surrey RH1 6EL
£8,473
62
4
Detached House
£510K
08/23
0.3 mi
12, Kingsfield Way, Redhill, Surrey RH1 6FF
£4,215
121
4
Semi-Detached House
£493K
01/21
0.37 mi
33, Redstone Hollow, Redhill, Surrey RH1 4BZ
£5,189
95
4
Detached House
£485K
03/21
0.37 mi
31, Redstone Hollow, Redhill, Surrey RH1 4BZ
£6,644
73
4
Semi-Detached House
£535K
05/21
0.38 mi
22, Cambridge Square, Redhill, Surrey RH1 6TG
£4,735
113
4
Semi-Detached House
£475K
06/23
0.39 mi
4, Hillview Drive, Redhill, Surrey RH1 4DQ
£4,948
96
4
Semi-Detached House
£525K
12/20
0.39 mi
15, Hillview Drive, Redhill, Surrey RH1 4DQ
£4,646
113
4
Detached House
£650K
03/23
0.41 mi
20, Woodside Way, Redhill, Surrey RH1 4DB
-
-
4
Semi-Detached House
£615K
02/23
0.41 mi
3, Reed Drive, Redhill, Surrey RH1 6TA
£4,695
131
4
Terraced House
£780K
07/23
0.42 mi
16, Ifield Close, Redhill, Surrey RH1 6SW
-
-
4
Detached House
£497.5K
11/20
0.43 mi
19, Sylvan Way, Redhill, Surrey RH1 4DE
£5,077
98
4
Semi-Detached House
£757.5K
11/22
0.43 mi
32, Sylvan Way, Redhill, Surrey RH1 4DE
£5,017
151
4
Detached House
£560K
08/21
0.44 mi
22, Palmer Close, Redhill, Surrey RH1 4BX
-
-
4
Terraced House
£500K
11/19
0.44 mi
7, Ardshiel Drive, Redhill, Surrey RH1 6QN
£3,425
146
4
Terraced House
£695K
06/23
0.45 mi
36, Abinger Drive, Redhill, Surrey RH1 6SY
£4,654
149
4
Detached House
£680K
05/23
0.46 mi
6, Rural Way, Redhill, Surrey RH1 4BT
-
-
4
Detached House
£735K
11/22
0.47 mi
15, Rural Way, Redhill, Surrey RH1 4BT
-
-
4
Detached House
£750K
11/20
0.47 mi
The Lodge, 1, Abinger Drive, Redhill, Surrey RH1 6SZ