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Reigate Road, Worthing, West Sussex... 4 bed semi
Reigate Road, Worthing, West Sussex BN11
£475,000
Reigate Road, Worthing, West Sussex BN11
£475,000
Our Summary
- A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space
- A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space with a combined annual income of approximately £40,000
- Michael Jones are delighted to offer for sale as an ongoing residential investment opportunity, a 1930’s, extended semi-detached residence which has been converted into four leasehold 1 bedroom flats
- Investment Opportunity
Description
This is a rare investment opportunity to purchase the freehold of a 1930s semi-detached residence, which has been converted into four one-bedroom leasehold flats. Two of the flats have private gardens, with Flat 1 having a small courtyard-style garden and Flat 2 enjoying a large garden at the rear. The property is situated in a highly convenient and popular residential location, close to shopping facilities, amenities, and transport links. The freehold includes land for the adjoining leasehold bungalow, which has been sold previously, with approximately 103 years remaining on the 125-year lease. The combined annual income from the four flats is approximately £40,000, with accounts for 2024 showing earnings of £37,490. The property offers a strong potential for a high return on investment, with an impressive approximate 8.5% rental yield.