Redoubt Road, Eastbourne

Under Offer
£599,950
  • Ref: 1000_RS0696
  • Type: End of Terrace House
  • Availability: Under Offer
  • Bedrooms: 9
  • Bathrooms: 8
  • Reception Rooms: 3
  • Tenure: Freehold
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Property Summary

7 x Bed ** 2 x Self Contained Units ** 6 En-Suites ** 262m2 ** 3 Kitchens ** Garage ** Recently Renovated To An Exceptional Standard ** Ability to generate £83,000 per annum ** Leveraged Net-Yield Based on 75% Loan to Value at 20.76427%

Full Details

7 x Bed ** 2 x Self Contained Units ** 6 En-Suites ** 262m2 ** 3 Kitchens ** Garage ** Recently Renovated To An Exceptional Standard ** Ability to generate £83,000 per annum ** Leveraged Net-Yield Based on 75% Loan to Value at 20.76427%

Property Listing: Exceptionally Well-Presented and Spacious Investment

Opportunity on Redoubt Road

We are delighted to present an outstanding investment opportunity on Redoubt Road, featuring an

exceptionally well-presented and heavily extended property. Priced at £599,995, this property offers an expansive footprint of over 260m2, making it a truly remarkable investment prospect.

Key Features:
Size and Layout: The property boasts an impressive size, providing a spacious and versatile layout that spans over 260m2.

Self-Contained Studios: Included in this investment are two self-contained studio flats, offering modern and comfortable living spaces for potential tenants.

Seven Lettable Rooms: With a total of seven lettable rooms, the property presents an excellent income-generating potential. The diverse range of rooms caters to various tenant preferences
and needs.

Annual Income Projection: Based on current market trends and rental values, this investment
property has the potential to generate an annual income in excess of £83,000 comfortably.

Rental Rates: The property's income projection is based on competitive rental rates, with one-bedroom units and studios estimated to rent between £1,100 and £1,150 per month. The
baseline rent for rooms is set at £695 per calendar month, with the possibility of achieving higher rents for some particularly spacious rooms.

Investment Potential:
High Yield: With the potential to achieve an annual income of over £85,000, this property offers
a high-yield investment opportunity in a sought-after location.
Versatile Rental Options: The property's diverse layout and room configurations make it suitable
for a range of tenants, providing flexibility in rental options.
Exceptional Presentation: Meticulously presented, the property's interior and exterior have
been well-maintained, ensuring an attractive proposition for both tenants and investors alike.

Location: Situated on Redoubt Road, this property benefits from a prime location with convenient
access to local amenities, public transportation, and other essential services.

This investment opportunity presents a rare chance to acquire a property with substantial income-
generating potential in a thriving market. For those seeking a sound investment with versatility and
a strong rental yield, this property on Redoubt Road is not to be missed.



FEASIBILITY

Leveraged Net-Yield Based on 75% loan to Value at 20.76427% Net

On a rate of 5.99% and a deducting 30% for utility costs

This is used as an example and the rate has been provided by Mortgage Works as of 17.01.2023




Property Marketing Disclaimer:

The information provided in this property listing is for general informational purposes only. While we make every effort to ensure accuracy, completeness, and reliability, we cannot guarantee the timeliness or accuracy of the information. The property details, dimensions, specifications, and images are subject to change without notice.

Prospective buyers, tenants, or investors are advised to conduct their own due diligence and verify all information independently. We do not make any representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of the information provided herein.

This property listing is not an offer to sell or lease and is subject to availability. Prices, terms, and conditions are subject to change without notice. The inclusion of any features or amenities in the property description does not imply endorsement or verification by us.

We disclaim any liability for inaccuracies, errors, or omissions in the property details and shall not be responsible for any loss, damage, cost, or expense incurred in connection with the use of the information contained herein.

Tenure: Freehold