4 bedroom block of apartments for sale

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4 bedroom block of apartments for sale

2 A&B Norman Road, Newhaven, East Sussex, BN9
£325,000

Our Summary

  • Exclusive Investment Opportunity: Freehold Property with 2x 2-Bedroom Flats - Secure Rental Yield National Residential are delighted to present this outstanding investment opportunity, comprising two 2-bedroom flats in a converted Victorian end-terrace, ideally located in the prime residential area of Newhaven

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This exclusive investment opportunity presents a freehold property consisting of two self-contained 2-bedroom flats in a converted Victorian end-terrace in Newhaven, a prime residential area. The property is already generating a gross rental income of £23,700 per annum, with a net monthly income of £1,777.50 after deducting a 10% management agent fee, offering a strong gross rental yield of 6.77%. The flats are located close to Newhaven Town Centre, train station, and bus routes, and are just a short walk from the seafront promenade. The area is experiencing increased interest from renters due to its excellent transport connections and affordability, making it an excellent long-term investment. With room for capital appreciation, this property represents a rare opportunity to acquire a freehold investment with two income-generating flats and significant rental potential.
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