Horsham, RH12 3GH | Investment Property for Sale | VES-RH12-467

Opportunity to buy 4-bed tenanted investment property generating £15,540pa and a yield of 4.4% in West Sussex

£355,000

Terraced House

VES-RH12-467

INITIAL INVESTMENT

£164,430

GROSS RENT / YIELD

£15,540 / 4.4%

NET RENT / YIELD

£12,075 / 3.4%

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

2 bathrooms

1 reception room

1,050

Unfurnished

Tenancy

RENT

£15,540 p.a. / £1,295 pcm

TENANCY DEPOSIT

£1,893

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

34 months ago

TENANCY AGREEMENT ENDS

7/1/2019

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£15,540

Equivalent of £1,295 per calendar month (PCM).

GROSS RENTAL YIELD

4.4%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£12,075

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,465

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Broadbridge Heath, Horsham

Broadbridge Heath is a town 2 miles from central Horsham, 31 miles south-west of London which makes it perfect for commuters, 18.5 miles north-west of Brighton and 26 miles north-east of Chichester, with direct train connections to those locations.

Broadbridge Heath boasts two primary schools and a Montesory Nursery School. There are also a number of respected secondary schools and colleges in the near vicinity making this property the ideal location for a young and growing family.

Horsham boasts a number of local attractions which include Horsham park, a cinema, a retail center and a number of independent local shops amongst several major supermarkets.

There is a regular running bus service connecting to Horsham city center and to the various local schools. The M23 motorway is easily accessible from the property offering good links to other parts of the country by road. The block is a part of a wider new and modern development, which has attracted a good caliber of occupant offering a friendly community feel to the area.

Some of Horsham’s major employers are Royal & Sun Alliance, RSPCA Headquarters, Christ’s Hospital School, Kate’s Cakes, Sussex Health Care, A J Walter Aviation Ltd, Tesla Engineering Ltd, JVM Equipment Ltd and many more.

Ellis Road,

Horsham,

West Sussex,

England,

RH12 3GH

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