Summary - 114a, Reigate Road, WORTHING BN11 5ND
4 bed 4 bath Semi-Detached
**Standout Features:**
- Four one-bedroom flats with options for garden access
- Approx. annual income of £40,000, with an impressive rental yield of 8.5%
- Excellent location near amenities and travel links
- Freehold purchase includes leasehold bungalow land
- Very low crime rate and affluent area classification
**Potential Concerns:**
- Requires modernization in areas
- One flat currently vacant, previously rented at a lower price
**Summary Description:**
Embrace a rare investment opportunity with this appealing semi-detached property comprised of four one-bedroom flats, poised to generate an impressive annual income of around £40,000. With two ground-floor garden flats boasting private outdoor spaces, this property attracts a desirable tenant demographic, ensuring stable rental prospects. Situated in a highly sought-after suburban area, the residence benefits from excellent transport links and nearby amenities, making it a prime choice for today's professionals.
Built in the 1930s, the building retains its classic charm with spacious rooms featuring large bay windows that allow for abundant natural light. While the property offers solid rental potential with a remarkable 8.5% yield, it does require some modernization, presenting a perfect opportunity for savvy investors to enhance value and increase future income. In addition, the freehold purchase includes land for a previously sold leasehold bungalow, providing flexibility for future development.
With a very low crime rate and residing in an affluent neighborhood, this investment not only secures an attractive cash flow but also promises peace of mind. Don’t miss out on this exceptional opportunity—properties like this are rare and won’t last long!
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