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Completed -Discounted residential block of apartments in Woking (GU22)
ACQUIRED OFF-MARKET 🔑 | Discounted Residential Block in Woking (GU22)
We are delighted to announce the off-market acquisition of a freehold block of apartments on Constitution Hill, Woking, completed on behalf of a retained private client. Secured at an immediate 30% discount to prevailing market value, the deal locks in day-one equity alongside strong asset management upside.
📍 The Asset:
➡️ Freehold block comprising 5 apartments (4 x large 1-beds and 1 x studio)
➡️ Prime GU22 location moments from Woking town centre and the mainline station (under 25 mins to London Waterloo)
➡️ Outstanding local amenities, premier golf clubs, top-tier schools, and dining on the doorstep
🧠 The Value-Add Angle:
1️⃣ Reversionary Income Uplift: Fully let market ERV delivers a projected 9.1% net yield.
2️⃣ Space Optimisation: Reconfiguring the oversized 1-bedroom apartments into 2-bedroom units to maximise local rental demand and capital values.
3️⃣ Capital Value Buffer: Acquired direct-to-vendor at a 30% discount, providing complete downside protection in an established Surrey commuter hub.
💼 ACTIVE BUYER MANDATE:
With substantial private equity ready to deploy before year-end, our retained clients are actively seeking:
➡️ Asset Classes: Freehold residential blocks (unbroken), AST portfolios, and conversion opportunities (PD / Class MA)
➡️ Deal Profiles: Under-rented, mismanaged, or repositioning opportunities
➡️ Lot Sizes: £500,000 – £5,000,000
➡️ Deal Structure: 100% unconditional cash buyers with rapid exchange capability
➡️ Preferred Areas: London, and core Home Counties commuter towns
📩 Have an off-market block, probate portfolio, or a vendor seeking a discreet disposal? Contact Alec Askew & Nicholas Hartley or email
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