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Reigate Road, Worthing, West Sussex... 4 bed semi
Reigate Road, Worthing, West Sussex, BN11
£500,000
Reigate Road, Worthing, West Sussex, BN11
£500,000
Price History
Initial price | £625,000 |
06/02/25 | £575,000 |
02/04/25 | £500,000 |
Price Change | -20.00% |
Description
This is a rare investment opportunity to purchase the freehold of a 1930s semi-detached residence, converted into four one-bedroom leasehold flats, two with private gardens. The property, located in a popular residential area, offers a combined annual income of approximately £40,000, with accounts for 2024 showing earnings of £37,490. The flats are situated close to shopping facilities, amenities, and transport links, and all four are Council Tax Band A. The freehold also includes land for the adjoining leasehold bungalow, with approximately 103 years remaining on the lease. This is an excellent chance to purchase a lucrative investment property with a high rental yield.