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1 bedroom property

Auction
Property
1 bed
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • Two modern flats in sought after Reigate
  • Includes a one bedroom and a two bedroom flat
  • Flat 12 is 46 sq m (492 sq ft) & Flat 13 is 83 sq m (893 sq ft)
  • Section 146 of the Law of Property Act has been served (refer to the legal pack)
  • Potential to develop a third flat, subject to consents
  • Currently producing £30,600 per annum
  •  
  • Online Auction on Thursday, 19 October 2023

The development consists of a mix of modern flats over two floors. Flat 12 is located on the first floor and is a one bedroom flat with an open plan reception room/modern fitted kitchen with integrated appliances, and a double shower room. The flat has wood laminate flooring throughout and totals about 46 sq m (492 sq ft). Flat 13 is a two bedroom flat, which again is in good decorative order with plenty of natural light throughout, and totals about 83 sq m (893 sq ft). 

There may be scope to develop a third flat within the roofspace, subject to the necessary consents.


Location:

Reigate is a town in Surrey, about 19 miles south of central London. It is in the London commuter belt and one of four towns in the borough of Reigate and Banstead. It is sited at the foot of the North Downs and extends over part of the Greensand Ridge. Reigate has a medieval castle and has been a market town since since the medieval period, when it also became a parliamentary borough.

Flats are 12 & 13 are located just south of Reigate Town Centre, directly opposite Priory Park on the east side of Bell Street accessed between Chalk Hills Bakery and Majestic Wine and just 0.6 of a mile from Reigate train station. It forms part of the prestigeous Park House development. 


Tenancy:

The flats are both let on separate Assured Shorthold tenancy agreements. Flat 12 is let out for £1,200 pcm and Flat 13 for £1,350 pcm, totalling  £30,600 per annum. Refer to the legal pack for the agreements.


Online Auction on Thursday, 19 October 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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