£250,000 /Sale price

Investment Opportunity - 22 Mercury House, Epsom, KT17 1SN Property at a Glance * Type: One-bedroom, second-floor apartment (leasehold) * Tenure: Approx. 986 years remaining - effectively long leasehold * Bedrooms: 1 double bedroom with fitted wardrobes * Living: Open-plan kitchen & living room; good-sized bathroom (shower over bath) * Parking: One allocated parking space (a valuable plus in the area) * Age & Condition: Built in 2011; modern, well-maintained * Current Tenancy: Tenant in situ since 31 March 2021 * Last Year's Charges: Service charge £660.22 (for last 6 months), Ground Rent £400 per annum ________________________________________ Revenue & Yield Analysis Assuming the asking price of £250,000: * Gross Annual Rent: £14,400 * Gross Yield: 5.76% * Estimated Net Annual Income: £12,680 * Net Yield: 5.07%Summary: At the £250,000 asking price, the apartment offers a strong gross rental yield of 5.8% and a net yield of 5.1% a very attractive return relative to many similar properties in the KT17 area. * Summary: At the £250,000 asking price, the apartment offers a strong gross rental yield of 5.8% and a net yield of 5.1% a very attractive return relative to many similar properties in the KT17 area. ________________________________________ Why This Is a Stand-Out Investment * Above-average yield: With a sub-£250k entry point, the flat promises gross yield 5.8% - well above typical net yields of many comparable flats priced higher. * Long leasehold: With nearly 1,000 years remaining on the lease, this investment carries minimal lease-related risk compared with shorter-lease properties. * Low overheads: Service charge and ground rent are modest (especially compared to many newer/high-rise developments), helping preserve net return. * Desirable location: The property sits in the heart of Ewell Village - a well-regarded residential village-style area with shops, restaurants and excellent transport links, making it popular with commuters and professionals. * Parking included: The allocated parking space adds a real premium - many flats in KT17 do not offer this, and it enhances both rental appeal and resale value. * 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.