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4 bedroom semi-detached house for sale
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 is a rare investment opportunity to purchase the freehold and four one-bedroom leasehold flats in a 1930s semi-detached residence, with two flats having private gardens. The combined annual income is approximately £40,000, with accounts for 2024 showing earnings of £37,490. The property is located in a convenient and popular residential area, close to shopping facilities, amenities, and transport links. The freehold also includes land for the adjoining leasehold bungalow, with approximately 103 years remaining on the lease. The flats are all Council Tax Band A and offer a potential rental yield of around 6.88%.