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Get brand editions for Mansell McTaggart, Steyning

Warwick Road, Worthing, BN11

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

3

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Opportunity To Purchase A Freehold Investment Comprising Of Three One Bedroom Apartments With Long Leases And Tenants In Situ
  • Basement Level With Potential (STPP) To Convert To A further Dwelling
  • Ground Floor Apartment Let For £975.00 Per Calendar Month
  • First Floor Flat Let For £1150.00 Per Calendar Month
  • Top Floor Flat Let For £1050.00 Per Calendar Month
  • Gross Annual Income Of £38,100
  • Circa 6% Yield
  • Apartments All In Good Condition And Professionally Let and Managed
  • Ideal Investment To Add To An Existing Portfolio
  • Exclusive To Mansell McTaggart

Description

This is an exceptional opportunity to acquire a freehold investment property exclusively available through Mansell McTaggart, comprising three well-presented one bedroom apartments, each with long leases and established tenants in situ. The property offers a strong gross annual income of £38,100, reflecting a circa 6 percent yield, making it an ideal addition to any existing investment portfolio. Each apartment is in good condition, having been professionally let and managed, ensuring minimal immediate maintenance and continued tenant satisfaction. The ground floor apartment is currently let for £975.00 per calendar month, the first floor flat achieves £1,150.00 per calendar month, and the top floor flat is let for £1,050.00 per calendar month, providing a reliable and diversified rental stream. The building also benefits from a basement level with significant potential (subject to planning permission) to convert into a further dwelling, offering the possibility of enhancing both the capital value and the rental yield in the future. The existing tenancies and professional management arrangements offer a seamless transition for any investor seeking a hassle-free acquisition. The property’s configuration, with three self-contained one bedroom units, appeals to a broad tenant base and supports strong occupancy rates. This rare investment opportunity is well suited to both seasoned landlords seeking to grow their portfolio and new investors looking to secure a high-yielding asset with room for future value uplift. With its desirable income profile, potential for further development, and exclusive availability through Mansell McTaggart, this property represents a secure and attractive proposition for discerning buyers seeking consistent returns and long-term growth.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Warwick Road, Worthing, BN11

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Get brand editions for Mansell McTaggart, Steyning

About Mansell McTaggart, Steyning

118 High Street, Steyning, BN44 3RD
Industry affiliations:

We're the area's biggest sellers!

In 2023 Mansell McTaggart sold more properties than any other agency in the area we cover.

Why so many people trust Mansell McTaggart to sell their property...

Bigger is better

With 23 branches across Sussex and into Surrey, we have plenty of experience to draw on, so you can be sure we know the market when it comes to discussing the value of your property.

This also means that we will have lots of buyers registered, and so will be very likely to find a buyer for you as soon as possible.

No unreasonable tie-ins

We NEVER tie you into one of those over-long contracts. We think it should be our service that keeps you with us, not a legal agreement. So at Mansell McTaggart Steyning we ask for a commitment of only 1 weeks written notice - and knowing this helps ensure we work hard for you right up to completion day.

Unrivalled Marketing

Marketing online is essential and we list your property on all major property websites which include Rightmove.co.uk, Zoopla.co.uk and Mansellmctaggart.co.uk and will therefore be available and be seen by potential buyers 24/7. We're also proud of our exceptional marketing which ensures that your home stands out from the crowd and includes professional photography, video tour and floor plan.

The service you would expect

We also take great care to make sure that the service we offer you is just what you would expect it to be. Within the office, we have a highly experienced and knowledgeable team where market expertise is guaranteed with the emphasis on offering you an excellent service including accompanied viewings, regular feedback during marketing and guidance through the sales process.

Also, for your peace of mind, unlike other estate agents our sole agency agreement does not tie you into a long-term contract.

Mortgages, insurance and financial planning

We also work with trusted specialists to help our customers find the right mortgage, insurance and other financial products. Speak to us on 01903 251200 for an initial, no-obligation discussion with no pressure to take things further. That's a promise!

Get the ball rolling

Whether you are thinking seriously about selling, or just curious on the value of your home, please do get in touch for a free, no-obligation valuation. You can call us on 01903 251200.

Affordability

Monthly repayments£2,737
Property: £ 600,000
Deposit: £ 60,000
Interest rate: 4.5%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference f08e0307-846c-4081-9b20-aedec36c39cd. 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 Mansell McTaggart, Steyning. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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