1 bedroom flat for saleChesswood Road, Worthing
Sold STC £125,000
- First Floor Apartment
- South Facing Lounge
- Modern Fitted Kitchen
- Double Glazing & Electric Heating
- Communal Gardens
- Resident Parking
- Close To Worthing Hospital
- Modern Bathroom
- Potential Investment
An investment opportunity to purchase this first floor apartment with over a 5.7% gross yield with tenant in situ in good condition throughout and located just outside the town centre. The communal entrance leads to the flats front door, with accommodation offering a entrance hallway to the south facing lounge with bi fold doors opening to the sleeping area (also accessed via a door back to the hallway). The kitchen has modern fitted units with a free standing cooker. The bathroom comprises of a bath with shower above, wash hand basin and WC. Other benefits include double glazing and gas central heating and the current owners will be extending the lease to 125 years on completion.
Hampden Court is located in Chesswood Road which runs from the town centre to East Worthing being popular for accessing the local shops and amenities and also being close to Worthing Hospital. There is a bus route close by and the sea is just over a mile away. East Worthing train station is also within a 1/4 of a mile.
The property is currently let on an Assured Shorthold Tenancy achieving a rent of £595 per calendar month which gives a yield of 5.7% (any rents quoted are at current market levels and may vary according to market conditions).
Communal Entrance -
Entrance Hall -
Lounge Area - 3.63 x 3.30 (11'10" x 10'9") -
Sleeping Area - 3.25 x 2.38 (10'7" x 7'9") -
Kitchen - 2.27 x 1.71 (7'5" x 5'7") -
Bathroom - 2.27 x 1.50 (7'5" x 4'11") -
Leasehold Information - Lease - New 125 Year Lease
Service Charge - £1,000 Per Year
Ground Rent - £150 Per Year
Disclaimer (Wor) - These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
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