This property has been taken off the market.

7 Bed Detached House For Sale Manor Road, Worthing, BN11

£1,200,000- Detached

1 of 15
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Last Updated: 17th May 2024

Description

INVESTMENT OPPORTUNITY! We are delighted to offer a truly remarkable property that offers a unique opportunity for investment.

This stunning detached house built in 1907 has been cleverly converted into seven self-contained flats, offering versatility and potential for a lucrative return. With a generous 4,513 sq ft of living space, this property exudes grandeur and elegance. The communal gardens provide a peaceful retreat, while the off-road parking and garage ensure convenience for residents.

Steeped in history, this property features charming period details that add character and charm to the space. Situated in a desirable location, this property not only offers a unique investment opportunity but also the chance to own a piece of history. Don't miss out on the chance to own this exceptional property in Manor Road - a true gem in the heart of Worthing.

This fantastic property full of period features would make a great addition to your portfolio with a current annual income of £61,863 with potential to increase this to £75,000-£80,000 per annum with some internal modernisation.

The plot size stands at approx 0.2 acres.

The property next door is also available at 0.1 acres enquire for further information.

Flat 1
Large one bedroom ground floor flat with plenty of period features, currently let at £723.60pcm. Estimated rental value £950pcm.

Flat 2
Large one bedroom ground floor flat currently let at £740pcm. Estimated rental value of £950pcm.

Flat 3
One bedroom ground floor flat with private side entrance currently let at £715pcm. Estimated rental value £900pcm.

Flat 4
One bedroom first floor flat currently let at £736.66pcm. Estimated rental value £900pcm.

Flat 5
One bedroom first floor flat recently refurbished currently let at £850pcm. Estimated rental value £900pcm.

Flat 6
One bedroom first floor flat currently let at £715pcm. Estimated rental value £900pcm.

Flat 7
One bedroom second floor flat currently let at £675pcm. Estimated rental value £800pcm.
Agent Details
Open House Estate Agents
6 New Broadway, Worthing, BN11 4HP

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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