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£1,200,000

Manor Road, Worthing, West Sussex, BN11

  • 7 beds
Detached house
Under offer/SSTC

£1,200,000

  • 7 beds
Detached house
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Estimate monthly mortgage payment:

£5,478 per month

Minimum deposit amount:

£60,000
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INVESTMENT OPPORTUNITY! We are delighted to offer a truly remarkable property that offers a unique opportunity for investment.

This stunning detached house built in 1907 has been cleverly converted into seven self-contained flats, offering versatility and potential for a lucrative return. With a generous 4,513 sq ft of living space, this property exudes grandeur and elegance. The communal gardens provide a peaceful retreat, while the off-road parking and garage ensure convenience for residents.

Steeped in history, this property features charming period details that add character and charm to the space. Situated in a desirable location, this property not only offers a unique investment opportunity but also the chance to own a piece of history. Don't miss out on the chance to own this exceptional property in Manor Road - a true gem in the heart of Worthing.

This fantastic property full of period features would make a great addition to your portfolio with a current annual income of ?61,863 with potential to increase this to ?75,000-?80,000 per annum with some internal modernisation.

The plot size stands at approx 0.2 acres.

The property next door is also available at 0.1 acres enquire for further information.

Flat 1

Large one bedroom ground floor flat with plenty of period features, currently let at ?723.60pcm. Estimated rental value ?950pcm.

Flat 2

Large one bedroom ground floor flat currently let at ?740pcm. Estimated rental value of ?950pcm.

Flat 3

One bedroom ground floor flat with private side entrance currently let at ?715pcm. Estimated rental value ?900pcm.

Flat 4

One bedroom first floor flat currently let at ?736.66pcm. Estimated rental value ?900pcm.

Flat 5

One bedroom first floor flat recently refurbished currently let at ?850pcm. Estimated rental value ?900pcm.

Flat 6

One bedroom first floor flat currently let at ?715pcm. Estimated rental value ?900pcm.

Flat 7

One bedroom second floor flat currently let at ?675pcm. Estimated rental value ?800pcm.

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£5,478 per month
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Stamp Duty tax
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£61,250
Mortgage and legal costs:
£999
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