8 bedroom semi-detached house for sale
Key information
Property description & features
- Freehold Investment
- Consists of eight separate units
- Seven Studio Apartments and a one bedroom apartment
- Investment purchase only
- Annual income of £76,800
- *Guide Price £750,000 to £800,000*
- Close to Hove station
It is conveniently located close to a Hove station, offering easy access to public transportation. This is advantageous for both tenants and visitors, as it provides convenient commuting options and enhances accessibility to the property.
In addition to its proximity to the Hove station, the property is surrounded by a plethora of local amenities. These amenities can include shops, restaurants, cafes, supermarkets, parks, schools, and other essential services. The presence of these amenities provides convenience and enhances the quality of life for tenants.
The property consists of eight separate units, comprising seven studio apartments and a one bedroom flat. This diverse mix of units allows for a range of tenants, accommodating different needs and preferences. The studio apartments are ideal for individuals or couples seeking affordable and compact living spaces, while the one-bedroom flat offers slightly larger accommodations.
Currently, the property generates an annual income of £76,800. This income is derived from the rental payments made by the tenants occupying the various units. The impressive annual income demonstrates the potential profitability of the property as an investment. It suggests that the property is in high demand and can generate a significant return on investment.
Investing in this freehold property close to a Hove station and local amenities offers numerous advantages. The convenient location and proximity to transportation hubs enhance the property's desirability and potential for attracting tenants. The diverse mix of units allows for a wider tenant pool and increased rental income potential.
Furthermore, the impressive annual income of £76,800 demonstrates the property's strong rental potential and the potential for a high return on investment. This income can provide a steady stream of cash flow and contribute to the property's value appreciation over time.
FLAT 1 14' 3 max" x 11' 9" (4.34m x 3.58m) Ground Floor Studio Apartment
FLAT 2 17' 11" x 11' 7" (5.46m x 3.53m) Ground floor studio apartment
FLAT 3 24' 10 max" x 9' 11" (7.57m x 3.02m) Ground floor studio apartment
FLAT 4 22' 4 max" x 9' 1" (6.81m x 2.77m) Mid- Floor studio
FLAT 5 14' 2" x 11' 11" (4.32m x 3.63m) Mid-Floor Studio Apartment
FLAT 6 17' 00 into bay" x 13' 11" (5.18m x 4.24m) Mid-Floor Studio Apartment
FLAT 7 14' 2" x 12' 1" (4.32m x 3.68m) Top Floor studio apartment
FLAT 8 one bedroom apartment
LOUNGE 15' 2" x 9' 8" (4.62m x 2.95m)
BEDROOM 12' 6" x 8' 1" (3.81m x 2.46m)
BATHROOM
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Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 20, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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