4 bed semi-detached house for sale

Reigate Road, Worthing, West Sussex BN11

A rare investment opportunity to purchase the freehold and four, one bedroom leasehold flats, 2 with private garden/outside space. An impressive approx 8.5% rental yield. All four properties are Council Tax Band A.

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. Accounts for 2024 state earnings of £37,490 due to Flat 3 which is now vacant was at a lower rent now valued and on the market at £900pcm.

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. The individual units are all 1 bedroom apartments with the two ground floor garden apartments having private gardens. Flat 1 has a small courtyard-style garden whilst Flat 2 enjoys the benefit of the large garden at the rear. The remaining two apartments are located on the first floor.

The property is situated in this highly convenient and popular residential location close to shopping facilities, amenities and transport links.

The Freehold also includes land for the adjoining leasehold bungalow which has been sold previously. There is a remainder of a 125 year lease from 30th September. Approx 103 years remaining.

For all enquiries, please contact the vendors selling agent Micheal Jones, Goring by Sea branch on where we will do all we can to assist up with any queries.

All four properties are Council Tax Band A.