Shoreham-by-Sea, BN43 5RA | Investment Property for Sale | VES-BN43-001

Opportunity to purchase an apartment in Shoreham-by-Sea generating £11,940 rent pa and a gross yield of 4.7%

£255,000

Apartment

VES-BN43-001

INITIAL INVESTMENT

£115,800

GROSS RENT / YIELD

£11,940 / 4.7%

NET RENT / YIELD

£8,471 / 3.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£100

SERVICE CHARGE

£600

2 bedrooms

1 bathroom

1 reception room

659

Unfurnished

Leasehold information

  • Length of lease: 99 years
  • Year lease started: 2018

Property information

  • First floor apartment
  • Open plan living/kitchen/diner
  • Recently underwent a full renovation, see details below
  • EPC rating D

Renovation details

The apartment has been fully renovated and the following works were carried out:

  • New windows and doors throughout
  • Replastered and decorated
  • New wiring and lighting
  • New plumbing
  • New flooring throughout
  • The building has been repointed
  • New entrance door installed including an internal intercom system
  • New boiler
  • New bathroom
  • New kitchen including appliances:
    • integrated washing machine
    • dishwasher
    • hob
    • oven
    • free standing fridge freezer

Tenancy

RENT

£11,940 p.a. / £995 pcm

TENANCY DEPOSIT

£1,148

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

4 months ago

TENANCY AGREEMENT ENDS

5/31/2020

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£11,940

Equivalent of £995 per calendar month (PCM).

GROSS RENTAL YIELD

4.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£8,471

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.3%

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

FULLY MANAGED OPERATING COSTS

£3,469

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Shoreham-by-Sea, West Sussex

Shoreham-by-Sea (often shortened to Shoreham) is a seaside town and port in West Sussex, England. It is a historic town with a centre which reflects the architecture of its fishing history; yet the town is vibrant with some stunning new developments along its riverside and harbour front. It is a unique area with the natural features of its tidal river, an active harbour and commercial port.

The town lies in the middle of urban development with the city of Brighton and Hove to the east and the town of Worthing to the west. Shoreham has a population of 20,547 (2011 census).

The town centre is home to a number of independent shops and galleries, including larger shops like M&S can be found at the Holmbush Shopping Centre. The High Street has all the amenities, as well as a host of restaurants to eat at. There are monthly farmers’ markets on the second Saturday of each month and artisan markets on the fourth Saturday on East Street.

The town has a number of schools including Manor Hall, St Peter's Catholic, King's Manor and independent school Lancing.

Shoreham is nestled in the middle of the breathtaking Sussex coastline, the South Downs and the Adur River. But despite its natural beauty, it’s also extremely accessible. It can be reached easily by car from the A27. It’s about a two-hour drive from London, and approximately 25 minutes to Brighton and 20 minutes to Worthing along the A27 or A259.

The town is well-located for those commuting into London with trains from Shoreham railway station into Victoria Station in just one hour 17 minutes running every half an hour. The railway line serves Brighton with four trains an hour reaching the city in about 15 minutes.

Shoreham is also served by Brighton & Hove Bus Company, Stagecoach and Compass buses.

Ferry Road,

Shoreham-by-Sea,

West Sussex,

England,

BN43 5RA

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.