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5 bedroom semi-detached house for sale

Barrack Road, Bexhill on Sea

Sold STC £284,950

Property Description

Full description

An older style semi-detached house situated in this popular residential location in the Old Town of Bexhill, gas boiler and radiators, double glazed throughout and rear garden measuring approximately 100ft in length.

HIGH YIELDING INVESTMENT OPPORTUNITY (11.23% pa) with development potential, or income producing home whilst living and renting out the rooms.

The property currently has 5 double bedrooms, with 2 bathrooms across 2 floors with a communal galley kitchen. All 5 bedrooms rooms are rented out individually and currently bringing in an annual income of approximately £32,000. The property is fully compliant with the local authority to be used as a house of multiple occupancy.

Private front door leading to Entrance Hall with:

Downstairs Wet Room/Wc -

Kitchen - with double drainer stainless steel sink unit, work surfaces with drawers and cupboards under, space and plumbing for washing machine, space for fridge-freezer, wall mounted shelved storage cupboards, partly tiled walls, tiled floor, door leading to rear garden, door to:

Ground Floor Bedroom - with door leading to rear garden, kitchen work surface with tiled upstand and cupboards beneath.

Leading off from the Entrance Hall there is a:

Ground Floor Bedroom - with radiator.

Ground Floor Bedroom - with radiator.

Stairs from Entrance Hall leading to first floor landing with loft hatch giving access to loft space.

Bedroom - with radiator.

Bedroom - with radiator.

Bathroom Upstairs - with roll top bath with shower attachment and rail above, glass sink with mixer taps above, low level WC, partly tiled walls.

Outside: - To the rear there is a garden measuring approximately 100ft in length being screened by fencing and being mainly laid to lawn.

Significant Development Potential. - Rear extension into new bedroom or self contained studio.

The property has development potential subject to planning to add another bedroom or self-contained studio on top of the ground floor kitchen to increase the income by a further £6,700 pa.

Loft conversion without planning permission into new attic bedroom.

The property has the development potential to convert the loft space (without planning and only under building regulations) into another bedroom to increase the income by a further £6,018 pa. The new 3rd floor would be accessed with stairs erected in the large 2nd-floor bathroom.

Rear garden that doglegs behind two neighbouring properties.

Selling off the rear garden plots to increase the two neighbouring properties rear gardens.

*The property can be purchased at 100% occupancy, with no rental voids, and fully furnished subject to negotiation.

Nb: - The property is fully registered and compliant with the local authority to be used as a house of multiple occupation and has the necessary fire doors and main smoke alarms and currently brings in an annual income of approximately £32,000, although the property is registered for HMO it can still be purchased with a residential mortgage and used as a residential dwelling”

Directions: - Proceeding from our office in Devonshire Square along Endwell Road, at the end turn left into Upper Sea Road, continue through the Old Town into Holliers Hill, take the first turning on the left hand side into Barrack Road where the property will be found on the left hand side.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
01 November 2017

Map & Street View

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