House For Sale £375,000
Newland Road, Worthing

FOR SALE BY AUCTION on 23rd August 2023
Auction Guide £375,000 to £400,000

Licenced HMO as follows:

Room 1 £595 pcm
Room 2 £575 pcm
Room 3 £400 pcm
Room 4 £575 pcm
Room 6 £695 pcm

Currently fully let and producing £34,080 per annum offering a gross yield of circa 9% netting down to approximately £27,888 and a net yield of 7.4% after bills which we are advised are approximately:

Council Tax £166 pcm
Water £50 pcm
Gas & Electricity (Average over summer and winter) £516 pcm
Wi Fi £28 pcm
Total £516 pcm - £6,192 per annum

Situated within this popular location providing access to the centre of Worthing which host a selection of many facilities including bars, restaurants, coffee shops and access to the seafront with its pier and bathing beaches as well as Splashpoint.