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Semi-Detached House · 2 bedrooms
Figures provided by the sourcer · listed 4 Nov 2026
What you would need in the bank to complete, depending on how you buy.
An estimate from typical costs, not a quote, an offer of finance or financial advice. Purchase tax is at the rates for an additional property where the postcode area is, as at October 2026; a lender may lend less than shown. Check the figures with your broker and solicitor before you commit.
A 2-bedroom semi-detached house of about 64m² in central Redhill, Surrey, with off-road parking, a 10 to 12 minute walk from the station (about 30 to 35 minutes to London Bridge or Victoria). No works needed: buy at £255,000, about 25% below market value, and resell. The sourcer values it at £340,000; nearby 2-bed semi-detached houses sold for £365,000 (May 2026, 68m²) and £445,000 (March 2026, 72m²). Projected profit about £61,615 (22% ROI before the sourcer's fee), after £15,500 stamp duty and the vendor's legal fees of about £1,350, which you cover. This is a back-to-back transaction, so your solicitor must be able to act on one, and completion must be on 27 November 2026. The agent takes a £1,000 reservation fee, refunded on completion or if structural or legal issues affect the value, and forfeited if you do not complete by that date. The sourcer also sees a renovation exit at £400,000 to £450,000, but has no refurbishment estimate or builder for this area. Sourcing fee: £3,750 + VAT.
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