Property photos
Auction
Freehold
£475,000
6 bed property for sale
Lennox Road, Broadwater, Worthing BN116 beds
6 baths
2 receptions
EPC rating: D
Key Information
Local area information
Property location
Nearby amenities
- Worthing 0.2 miles
- Reflections Small School 0.3 miles
- Chesswood Junior School 0.3 miles
- East Worthing 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Worthing to find out more about the local area.
Features and description
- Freehold
- For Sale By Auction on 25th September 2024
- Outstanding High Yielding Freehold Investment Budling
- 6 Self Contained Studio Rooms Each With En Suite
- Communal Kitchen and Dining Room
- Arguably One of The Finest Examples Currently Available
- In Pristine Condition Throughout
- Parking Space
- Imposing Corner Position
- Fully Let and Producing Up To £50,160 Per Annum
- Viewing Absolutely Essential
For sale by auction on 25th September 2024
Guide Price £475,000+
An outstanding high yielding freehold residence as 6 self contained studio rooms, all let on AST's each with their own ensuite shower rooms and wc's and benefiting from gas central heating and double glazed windows. Finished to the highest of standards, it is doubted there is a finer example of this type of property currently for sale. A fully fitted communal kitchen and dining room offer the perfect relaxation space whilst washing a machine is fully available.
There is a parking space that is currently unlet on a formal basis therefore there is potential to increase the current rent by another £720 per annum.
Located within this popular position of being close to the centre of Worthing and the seafront, both of which enjoy an entire host of leisure and recreational facilities whilst access is fully able to West Worthing Railway Station.
Table of Rents & Outgoings
Rent
Room 1 £675
Room 2 £650
Room 3 £775
Room 4 £650
Room 5 £695
Room 6 £675
Parking Space £60 (Once Let)
total £4,180 pcm/£50,160 Per Annum
Outgoings (Approximately and as Advised)
Council Tax £120
Water £35
Gas & Elec £250
wifi £25
Cleaning £50
total £480 pcm/£5,760 Per Annum
Approximate Net Rent (To Include Parking Space)
Monthly £3,700
Per Annum £44,400
Net Yield 9.35% (Based on Current Guide)
Guide Price £475,000+
An outstanding high yielding freehold residence as 6 self contained studio rooms, all let on AST's each with their own ensuite shower rooms and wc's and benefiting from gas central heating and double glazed windows. Finished to the highest of standards, it is doubted there is a finer example of this type of property currently for sale. A fully fitted communal kitchen and dining room offer the perfect relaxation space whilst washing a machine is fully available.
There is a parking space that is currently unlet on a formal basis therefore there is potential to increase the current rent by another £720 per annum.
Located within this popular position of being close to the centre of Worthing and the seafront, both of which enjoy an entire host of leisure and recreational facilities whilst access is fully able to West Worthing Railway Station.
Table of Rents & Outgoings
Rent
Room 1 £675
Room 2 £650
Room 3 £775
Room 4 £650
Room 5 £695
Room 6 £675
Parking Space £60 (Once Let)
total £4,180 pcm/£50,160 Per Annum
Outgoings (Approximately and as Advised)
Council Tax £120
Water £35
Gas & Elec £250
wifi £25
Cleaning £50
total £480 pcm/£5,760 Per Annum
Approximate Net Rent (To Include Parking Space)
Monthly £3,700
Per Annum £44,400
Net Yield 9.35% (Based on Current Guide)
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
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Listed by
PS&B - Residential Sales
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