5 Bedroom Terraced House

  • SOLD
£235,000.00 / SOLD
Address: Devonshire Road, Hastings
Location: Hastings
  • 4 Bathrooms
  • 5/6 Bedrooms
  • On Street Parking

Property Information

  • Type: Terraced House
  • Parking : On Street
  • Bedrooms : 5/6
  • Bathrooms : 4
  • Living Rooms : 1
  • Kitchens : 1

Property Description

Romans are pleased to bring back to market this large 5-bedroom terraced house as an attractive investment opportunity or substantial family home situated in the heart of Hastings Town Centre.

The property comprises 5/6 bedrooms (6 for HMO purposes) living room, kitchen, 2 separate WC’s, 1 en suite and 1 family bathroom as well as 2 small courtyard areas to the rear. Having been utilized previously as a HMO the property still maintains many of the facets needed for a re-conversion having more recently been used as a family home. Portions of the property require some updating however it is generally in good living condition and provides spacious accommodation which is guaranteed to be in demand owing to its favorable location within walking distance of local amenities, bars/restaurants, transport links, Sussex Coast College Hastings, Hastings Old Town, the sea front promenade and several major local employers.

Up to date street check data shows the area containing Devonshire Road, Hastings contains a higher than average level of rented housing (excluding social housing) – with 84% of household spaces being rented. Whilst 106 of the 141 residents currently living on Devonshire Road are housed within single occupancy dwellings further supporting the analysis that the property would be a prudent investment for a landlord.

A current rental appraisal shows that the property when tenanted either as a HMO or single dwelling should generate the following income –

Single dwelling – £995pcm

12 x £995 = £11,940pa

With a yield of 4.8%

6 Bedroom HMO*

£345pcm x 6 = £2070pcm

12 x £2070 = £24,840pa

with a Yield of 10.6%

 

*Subject to relevant planning

 

 

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Amenities

Air Conditioning
Brand new heating system
Brand new kitchen
bright rooms
Built-In Wardrobes
Buy to let freehold investment
Chain Free
Close to amenities
Close to seafront
Conservatory
Dishwasher
Double Glazing
Fitted kitchen
Fitted wardrobes
Fridge Freezer
Front Garden
Fully furnished
Gas Central Heating
Good condition carpets
Good return on investment
Integrated Appliances
Investment Opportunity
Laminated flooring
Large flats
Large rooms
Modern fitted kitchen
Modern Kitchen
New carpets throughout
None
Off road parking
Outside decking area
Patio
Period Features
Private driveway
Quiet location
Rear Garden
Recently refurbished
Rental capabilities
Roof Terrace
Shower cubicle
Spacious
Spacious rooms
Under floor heating
Under Floor Heating
Under floor heatings
Washing Machine
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