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1 bedroom apartment for sale
Cheam Road, Epsom, Surrey, KT17
£250,000
Cheam Road, Epsom, Surrey, KT17
£250,000
Our Summary
- Investment Opportunity - 22 Mercury House, Epsom, KT17 1SN Property at a Glance * Type: One-bedroom, second-floor apartment (leasehold) * Tenure: Approx
- * Room for capital growth: Given local comparable flats selling for £290-£325k, there is potential for capital appreciation, especially if demand in Ewell/Epsom remains strong
Description
This is an investment opportunity for a one-bedroom, second-floor apartment in Epsom, KT17, with a leasehold tenure and approximately 986 years remaining. The property features an open-plan kitchen and living room, a double bedroom with fitted wardrobes, and a bathroom with a shower over the bath. The apartment also comes with one allocated parking space, a valuable asset in the area. The current tenant has been in situ since March 2021, and the asking price is £250,000. With a gross annual rent of £14,400, the property offers a strong gross rental yield of 5.76% and a net yield of 5.07%. The long leasehold and low overheads make this a stand-out investment, with the added benefits of a desirable location, parking included, and potential for capital growth.