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SOLD STC

Carisbrooke Road, St. Leonards-On-Sea

PROPERTY TYPE

Block of Apartments

BEDROOMS

6

BATHROOMS

4

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

TOP FLOORFIRST FLOOR
2

Key features

  • BLOCK OF THREE FLATS
  • COUNCIL TAX A
  • EPC C FOR ALL THREE UNITS
  • CURRENT INCOME OF £2,200/MONTH FROM TWO LET APARTMENTS
  • ONE APARTMENT IS VACANT
  • FREEHOLD OF THE BUILDING
  • INVESTMENT PURCHASE
  • 1 X SPLIT LEVEL TWO BED GARDEN FLAT
  • 2 X 1 BED APARTMENTS
  • ALL WELL PRESENTED

Description

A rare opportunity to acquire a FREEHOLD BLOCK OF THREE SELF-CONTAINED FLATS, ideally positioned and offering both IMMEDIATE INCOME and FURTHER POTENTIAL TO ADD VALUE.

The building comprises three well-arranged units:

• GROUND & BASEMENT FLAT – A well-presented TWO BEDROOM MAISONETTE with the added benefit of a PRIVATE GARDEN, currently let at £1,300 PCM.
• FIRST FLOOR FLAT – A TWO BEDROOM APARTMENT (588 SQ. FT.), currently let at £900 PCM.
• TOP FLOOR FLAT – A ONE BEDROOM APARTMENT (501 SQ. FT.), offered with PLANNING PERMISSION TO EXTEND INTO THE LOFT SPACE, providing an excellent opportunity to enhance both size and value. This unit is currently vacant.

The property is generating a current income of £2,200 PCM from the two tenanted units, with scope to increase overall rental yield once the top floor flat is let and/or extended.

This is an ideal purchase for investors seeking a READY-MADE PORTFOLIO ADDITION, with a strong existing return and clear potential for FUTURE CAPITAL GROWTH AND RENTAL UPLIFT.

Early viewing is highly recommended to fully appreciate the scale of accommodation and opportunity on offer.

Brochures

Carisbrooke Road, St. Leonards-On-SeaBrochure
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.
Band: A
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.
Yes
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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Carisbrooke Road, St. Leonards-On-Sea

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About Wyatt Hughes, St. Leonards-On-Sea

18 Grand Parade, St. Leonards-On-Sea, TN37 6DN
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Over the past 40 years, Wyatt Hughes has grown to become one of the largest and most successful Independently owned Estate Agents within Hastings, Bexhill, St Leonards and the surrounding areas dealing with Residential Sales, Lettings and Property Management.

We have achieved our success by putting the needs and requirements of our Clients before anything else. We offer all the benefits and security of a large company, with the personal service you'd expect from a smaller firm and are proud of our independent status.

In an increasingly corporate world, we believe it is more important than ever to provide local people with a locally run businesses.

Our team have all lived in or around the local area for many years and are looking forward to combining their local knowledge with their property expertise.

We are members of both the Association of Residential Lettings Agents (ARLA) & The National Association of Estate Agents (NAEA) and are fully bonded for the holding of client funds. This ensures that your financial interests are protected at all times whilst in our hands.

Whether you are buying, selling or letting a property, our dedicated team will be on hand to offer honest and realistic advice.

We always put our client's interests first so you can rest assure, safe in the knowledge that we are working for you.

Affordability

Monthly repayments£2,509
Property: £ 550,000
Deposit: £ 55,000
Interest rate: 4.5%
Term: 30 years
Powered byNatwest
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.

Notes

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Disclaimer - Property reference 34571105. 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 Wyatt Hughes, St. Leonards-On-Sea. 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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