Lennox Road

Investment Opportunity – Lennox Road, Worthing, Sussex BN11 1FF

Asking Price: £185,000
Current Rental Income: £1,100 pcm (£13,200 per annum)
Tenure: Leasehold -125 years from 2020
Sale Type: Sold with tenants in situ

Property Overview

Flat 2 is a modern one-bedroom ground floor apartment located in a popular residential area of Worthing, offering a ready-made investment opportunity with immediate income.

The property was purchased in 2021 and remains in excellent condition, benefiting from a modern layout and strong tenant appeal. Being sold with tenants in situ, this is an ideal acquisition for investors seeking instant rental income with no void period.

Tenure & Charges

• Lease Length: 125 years from 2020
• Service Charge: £1,263 per annum
• Ground Rent: £150 per annum

The long lease provides long-term security, while service charges remain reasonable, supporting strong net returns.

Investment Performance

Annual Rental Income (Gross): £13,200

Annual Outgoings:

• Service Charge: £1,263
• Ground Rent: £150

Total Annual Costs: £1,413

Net Rental Income: £11,787 per annum

Returns & Yields

• Gross Yield: 7.1%
• Net Yield: 6.4%

These figures represent excellent returns for a one-bedroom apartment, particularly in a well-established coastal town with strong rental demand.

Key Investment Highlights

• Immediate Income: Sold with tenants in situ – no setup or void period
• Strong Yields: 7.1% gross / 6.4% net at asking price
• Modern Property: Purchased in 2021, offering low maintenance requirements
• Long Lease: 125 years remaining provides long-term investment security
• Ground Floor Apartment: Popular with tenants, aiding long-term demand
• Desirable Location: Worthing continues to attract renters due to affordability, amenities, and transport links

Summary

Flat 2, 1a Lennox Road represents a turnkey buy-to-let investment offering strong yields, immediate cash flow, and minimal management. With a long lease, reasonable outgoings, and an established tenant already in place, this property is well suited to both new and experienced investors seeking reliable returns.

LET PURE INVESTOR TAKE THE STRAIN AWAY …..

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.

• Fully managed lettings and property management service

• Comprehensive coverage throughout England and Wales

• One team, one fee across your full portfolio

• Rental income protection available

• Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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