# Studio flat for sale (RH19 1EG) ## Property Details | Key | Value | |-----|-------| | Address | Railway Approach, East Grinstead, RH19 1EG | | Price | £140,000 | | Last sold | £129,000 | ## Description **SUMMARY** Ideally located for commuters and in close proximity of the town centre. A good sized studio apartment. Vacant possession. Allocated parking. **DESCRIPTION** Entrance hall leading to the first floor. Door to hallway with storage cupboard. Door to bathroom with power shower over bath. main reception area with generous space for bed and built in wardrobe. A good sized kitchen with space for a small table, a range of wall and base units and plenty of worktop space. Externally, the property benefits from an allocated parking space and the use of pretty communal gardens. **Entrance Hall**  Storage cupboard. Door to lounge. Door to bathroom **Lounge / Bedroom** 19' 9" narrowing to 6' 9" x 11' 8" ( 6.02m narrowing to 2.06m x 3.56m ) Double glazed window to front & side. Built in double wardrobe. **Kitchen** 9' x 6' 6" ( 2.74m x 1.98m ) Double glazed window to rear. Fitted kitchen with matching wall & base units. Sink / drainer. Work surfaces. Space for cooker. Space for fridge / freezer. Part tiled walls. Plumbing for washing machine. **Bathroom**  Wash hand basin. WC. Bath with shower over. **Communal Gardens**  **Allocated Parking**  **East Grinstead**  The popular market town of East Grinstead is located approximately half way between London and the south coast. The town boasts a wealth of architectural heritage and the High Street retains period buildings with old world charm. There are a number of coffee shops, restaurants, a museum, a leisure centre and Chequer Mead theatre within the town. Surrounded by some of the finest countryside in the south east, East Grinstead is in close proximity to Ashdown Forest which is designated as an area of outstanding natural beauty. The recently reopened Bluebell Steam Railway links the town to Sheffield Park with regular excursions throughout the year. The mainline railway station offers frequent services to London Victoria or London Bridge in just under the hour. The town is ideally situated for access to the M23 and M25 motorways with Gatwick being the closest airport. **DIRECTIONS** From Connells office in East Grinstead, head north. Take the first left, Railway Approach. After 500 meters you will find St Leonards Park on the left opposite Mid Sussex Timber. Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs. 1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. ## Property Photos - ![Communal Gardens](/listings/photos/46098594/293695) - Communal Gardens - ![Communal Gardens](/listings/photos/46098594/293696) - Communal Gardens - ![Lounge / Bedroom](/listings/photos/46098594/293697) - Lounge / Bedroom - ![Lounge / Bedroom](/listings/photos/46098594/293698) - Lounge / Bedroom - ![Kitchen](/listings/photos/46098594/293699) - Kitchen - ![Communal Gardens](/listings/photos/46098594/293700) - Communal Gardens - ![Bathroom](/listings/photos/46098594/293701) - Bathroom ## EPC Graphs - ![EPC 1](/listings/photos/46098594/293702) - EPC 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | CHARTER PLACE, 2 FLAT 5 ORCHARD WAY, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1SW | £112,500 | 27/11/2025 | Flat | | 129 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EG | £150,000 | 12/08/2025 | Flat | | 70 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £205,000 | 06/03/2025 | Flat | | 38 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £160,000 | 14/02/2025 | Flat | | 35 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £135,000 | 10/01/2025 | Flat | | 64 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £206,000 | 07/01/2025 | Flat | | 61 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £215,000 | 22/11/2024 | Flat | | NEWACRE HOUSE FLAT 6 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UG | £195,000 | 30/08/2024 | Flat | | 9 WHITE LION CLOSE, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UD | £240,000 | 21/12/2023 | Flat | | ST. JAMES COURT FLAT 4 ST JAMES ROAD, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1DB | £85,000 | 20/12/2023 | Flat | | OVERTON COURT APARTMENT 6 RAILWAY APPROACH, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1BZ | £112,500 | 20/10/2023 | Flat | | 37 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £157,000 | 22/09/2023 | Flat | | 123 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EG | £185,000 | 03/07/2023 | Flat | | 57 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £225,000 | 05/05/2023 | Flat | | NEWACRE HOUSE FLAT 18 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UG | £208,000 | 30/03/2023 | Flat | | NEWACRE HOUSE FLAT 21 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UG | £220,000 | 23/01/2023 | Flat | | NEWACRE HOUSE FLAT 66 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UR | £210,000 | 21/12/2022 | Flat | | GREENSTEDE HOUSE FLAT 14 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UZ | £433,727 | 20/12/2022 | Flat | | NEWACRE HOUSE FLAT 3 WOOD STREET, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1UG | £220,000 | 09/12/2022 | Flat | | 39 ST LEONARDS PARK, EAST GRINSTEAD, MID SUSSEX, WEST SUSSEX, RH19 1EE | £140,000 | 09/12/2022 | Flat | **Area average:** £190,736 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £215,236 (36 Flat, RH19, 2024–2026) - **Deviation:** -35% ## Rental Range *ONS Price Index of Private Rents (Mid Sussex). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,274/mo - **Realistic:** £1,415/mo - **Optimistic:** £1,557/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Crawley & Reigate (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Glenister House, RH19 | £1,250/mo | 2 | 0.27 miles | OpenRent | | 2 Bed Flat, King Street, RH19 | £1,300/mo | 2 | 0.27 miles | OpenRent | **Average rent: £1,275/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.91% (okay) - **Max investor price (0.8%):** £159,375 - **Target investor price (1%):** £127,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,275/mo).* - **Gross yield:** 10.9% - **Cost-to-rent:** 9.2× - **Monthly cashflow:** £571/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 16.9% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -9.6% - **10y growth:** -5.6% ## House Price Index (HM Land Registry) *Official index for Mid Sussex; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -2.2% - **5y growth (index):** 4.8% - **10y growth (index):** 12.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)