7 bedroom detached house for sale

Annandale Avenue, Bognor Regis

Offers in Excess of £425,000

Property Description

Key features

  • HMO Investment Sale
  • 7 Bedrooms
  • £39k Annual Income
  • Existing Long Term Residents
  • Close to Town Centre

Full description

Tenure: Freehold

OUR COMMENTS For sale as a buy-to-let investment only this 7 bedroom HMO (House of Multiple Occupation) property is 100% occupied with a near 0% void rate. Tenancy dates for the current occupiers date as far back as 2012, 2013, 2015 two from 2016 and only one from 2017.

The seller has benefited from long term stable tenants, a harmonious household and superb investment returns. The current rents generate a gross income of £39,208, expenses circa £6,500 and a net income of £32,708 representing an impressive 9.22% gross and 7.69% net yield based upon the asking price.

All the appropriate consents and licences are already in place. The buyer quite literally, needs only to make the purchase and will earn revenue from day one.

The accommodation comprises 5 double and 2 single rooms. The property is located in a quiet road approx. 400-500 meters north of the railway station (and the town centre), providing just about the ideal distance to be away from the bustle and close enough for an easy commute. 

Dining Room 14' 5" x 12' 5" (4.40m x 3.80m)  

Kitchen 9' 8" x 13' 10" (2.97m x 4.24m)  

Bedroom 1 8' 11" x 8' 11" (2.72m x 2.74m)  

Bedroom 2 12' 5" x 15' 10" (3.79m x 4.83m)  

Bathroom 6' 2" x 6' 1" (1.88m x 1.86m)  

Bedroom 3 10' 1" x 12' 5" (3.09m x 3.80m)  

Ensuite 2' 7" x 7' 7" (0.79m x 2.33m)  

Bedroom 4 9' 6" x 10' 0" (2.91m x 3.06m)  

Bedroom 5 8' 11" x 13' 1" (2.74m x 4.00m)  

Bedroom 6 9' 7" x 13' 0" (2.93m x 3.97m)  

Ensuite 2' 10" x 7' 5" (0.87m x 2.27m)  

Bedroom 7 8' 6" x 10' 2" (2.60m x 3.11m)  

WC 5' 10" x 2' 10" (1.78m x 0.88m)  

Bathroom 5' 10" x 6' 9" (1.78m x 2.06m)  


More information from this agent

Listing History

Added on Rightmove:
12 September 2017

Nearest stations

  • Bognor Regis (0.2 mi)
  • Barnham (3.3 mi)
  • Ford (5.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Clarkes Estates, Bognor Regis

2 Station Road, Bognor Regis, PO21 1QE

03339 873573 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Clarkes Estates, Bognor Regis

2 Station Road, Bognor Regis, PO21 1QE

03339 873573 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bognor Regis (0.2 mi)
  • Barnham (3.3 mi)
  • Ford (5.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Clarkes Estates, Bognor Regis

2 Station Road, Bognor Regis, PO21 1QE

03339 873573 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101288006849. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Clarkes Estates, Bognor Regis . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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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