Modern One Bedroom Flat - Perfect Investment (Yields 8.5%) or First Time Buy - Redhill, Surrey (RH1)

First floor 1-bedroom apartment in a sought-after location of Merstham. The property has a good-sized living room, a double bedroom, bathroom and fiited kitchen. One allocated parking space. This is available with no onward chain. Ideally located with access to local shops and services along with Merstham Railway Stations (offering services to London Bridge and Victora), Reigate Hill Golf Club, East Surrey College and close to the M23/M25 motorway network. Communal Entrance: Security entry phone, stairs to the first floor. Front Door Entrance Hall: Doors to Living Room, Kitchen, Bedroom and Bathroom. Airing cupboard. Living Room: 4.45m x 3.16m Double-glazed window and radiator. Kitchen: 3.11m x 2.07m Double-glazed window, radiator, range of wall and base units with work surface over, sink unit, gas hob with cooker hood over, fitted electric oven, fitted microwave and freestanding washing machine. Bedroom: 4.06m x 2.84m Double-glazed window and radiator. Bathroom: White suite comprising panel bath with shower over, wash basin with vanity unit, WC, extractor fan and wall-mounted mirror with vanity light. Parking: One allocated parking space. Several visitor spaces are provided. Lease / Covenants : 95 years remaining. A copy of the lease is available on request. Service Charges / Ground Rent: The property is managed by a homeowners association with budgets set annually. This year's service charge is £95 per month. The ground rent is £200 per year (until 2046, increasing by £100 every 25 years). Tenure: We have been informed at the start of marketing that this property is LEASEHOLD. Please check the legal pack to verify this information. Council Tax Band: C Property Type: One Bedroom Apartment Construction Type: Brick and Block Please note: As auctioneers or marketing agents we or the joint agents do not undertake a survey. We are not qualified to specify exact construction of buildings, however we may provide an assumption/comment if we are informed or believe the property not to be standard construction for its type and area. Bidders should ensure they verify for themselves the construction prior to bidding and a commitment to purchase. Utilities: Source of Heating: Gas Primary source of electricity: Mains Water: Mains Sewerage: Mains