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Reigate Road, Worthing, West Sussex... 4 bed semi
Reigate Road, Worthing, West Sussex, BN11
£575,000
Reigate Road, Worthing, West Sussex, BN11
£575,000
Price History
Initial price | £625,000 |
06/02/25 | £575,000 |
Price Change | -8.00% |
Description
This rare investment opportunity presents the chance to purchase the freehold of a 1930s semi-detached residence, which has been converted into four one-bedroom leasehold flats, two of which have private gardens or outside space. The combined annual income of the properties is approximately £40,000, with accounts for 2024 showing earnings of £37,490. The property is located in a highly convenient and popular residential area, close to shopping facilities, amenities, and transport links. The freehold also includes land for the adjoining leasehold bungalow, with a remainder of a 125-year lease from September 30th, leaving approximately 103 years remaining. The individual units are all one-bedroom apartments, with the two ground-floor garden apartments having private gardens, and the remaining two apartments located on the first floor.