South Lawns, 73 Reigate Road, Reigate, Surrey, RH2 0RE

yieldit are delighted to offer for sale this lavish apartment which will make a fantastic investment purchase. The lease has also just been extended to 174 years! Located on the top floor of this stunning development this high specification apartment provides spacious accommodation throughout, including lounge with double doors providing plenty of natural light and views over the well-maintained communal gardens. The kitchen is modern and fully fitted including integrated appliances. Both bedrooms are of an excellent size with fitted mirrored wardrobes in each and an ensuite shower room and stylish tiled main bathroom complete this apartment. An underground allocated parking space is also included.

South Lawns is perfectly located in the desirable market town of Reigate, Surrey. The town boats independent shops, pubs, restaurants and lovely open green spaces as well as well as highly regarded schools. Just a mile from the property is Reigate’s mainline train station which provides fast and frequent services to London Victoria in as little as 40 minutes, making this the ideal commuter base. It’s therefore easy to see why Reigate was named in the Sunday Times' 2023 best places to live guide.

There hasn’t ever been a better time to invest in property in Reigate, property in the affluent borough is always in high demand on the rental and sales market due to it’s proximity to the capital and the quality of life on offer for residents. The town has a thriving local economy which has grown steadily over the past decade, with over 7000 businesses based there providing 67,000 jobs which contributes to the demand for high quality rental accommodation such as South Lawns.

Please note, lettings and management fees may apply.

Financial Breakdown

Gross Rent: £19,800.00
Net income: £18,500.00
Gross yield: 6.09%
Net yield: 5.69%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07560