For sale is a freehold house in Merstham, split into five self-contained flats, with planning approval for an adjacent detached bungalow. The property currently generates £24,600 in annual income, with three flats sold on long leases and two let on assured shorthold tenancies (ASTs). The property features ample parking, a communal garden, and is situated opposite Merstham train station and near local shops. The flats are let at a combined value of over £400,000, with ground rents ranging from £150 to £400 per annum. The freehold property includes three leasehold flats and two owned and let flats, with leases ranging from 125 to 172 years. The property also comes with a building plot with planning permission for a detached bungalow.