1 /5
£225,000
Reigate, Surrey, RH2
- 1 bed
£225,000
- 1 bed
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Estimate monthly mortgage payment:
£1,027 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£11,250
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**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.
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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