8 Bed HMO, Bexhill-on-Sea, TN40 1HY £479,000

18 Wilton Road, Bexhill-On-Sea, East Sussex TN40 1HY - 34 views - a year ago
HMO
Outside Article 4
~233 m²
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+6 photos

ValuationUndervalued

Sold Prices£269K - £780K
Sold Prices/m²£2K/m² - £9.9K/m²

 

 

Square Metres

~233 m²
Price/m²£2.1K/m²

Value Estimate

£579,590
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£119,750

Stamp Duty & Legal Fees

£27,020

Total Cash In

£146,770

 

 

Cash Out

 

Room Rate

£260

Gross Rent

£2,080

Running Costs/mo

£2,804

Cashflow/mo

£-724

Cashflow/yr

£-8,690

Gross Yield

5%

Local Sold Prices

50 sold prices from £269K to £780K, average is £450K. £2K/m² to £9.9K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£460K06/210.19 mi11, Albany Road, Bexhill-on-sea, East Sussex TN40 1BY4
£420K06/210.2 mi30, Magdalen Road, Bexhill-on-sea, East Sussex TN40 1SB4
£500K10/230.22 mi36, Parkhurst Road, Bexhill-on-sea, East Sussex TN40 1DE4
£471.3K10/230.22 mi6, Kings Close, Bexhill-on-sea TN40 1QT4
£540K09/230.24 mi2, Kings Close, Bexhill-on-sea, East Sussex TN40 1QT4
£420.2K03/250.27 mi14, New Park Avenue, Bexhill TN40 1QR4
£420.2K03/250.27 mi14, New Park Avenue, Bexhill TN40 1QR4
£370K06/210.29 mi60, Magdalen Road, Bexhill-on-sea, East Sussex TN40 1SD4
£675K12/230.3 mi30, Larkhill, Bexhill-on-sea, East Sussex TN40 1QZ4
£480K05/230.3 mi11, Larkhill, Bexhill-on-sea, East Sussex TN40 1QZ4
£605K02/250.32 mi2, De Moleyns Close, Bexhill-on-sea TN40 1UT4
£605K02/250.32 mi2, De Moleyns Close, Bexhill-on-sea TN40 1UT4
£307K06/210.34 mi45, Windsor Road, Bexhill-on-sea, East Sussex TN39 3PB4
£535K07/240.34 mi5, Millfield Rise, Bexhill-on-sea TN40 1QY4
£540K09/210.35 mi4, Millfield Rise, Bexhill-on-sea, East Sussex TN40 1QY4
£450K06/250.36 mi7, High Street, Bexhill-on-sea TN40 2HA4
£450K06/250.36 mi7, High Street, Bexhill-on-sea TN40 2HA4
£422K11/210.39 mi49, Amherst Road, Bexhill-on-sea, East Sussex TN40 1QN4
£490K06/230.41 mi63, Manor Road, Bexhill-on-sea, East Sussex TN40 1SN4
£430K03/250.43 mi36, Belle Hill, Bexhill TN40 2AG4
£335K10/230.45 mi85, Reginald Road, Bexhill-on-sea, East Sussex TN39 3PQ4
£515K12/210.48 mi22, Terminus Road, Bexhill-on-sea, East Sussex TN39 3LR4
£269K03/240.53 mi17, Bayencourt South, Bexhill-on-sea, East Sussex TN40 2AH4
£341.4K12/240.53 mi39, Barrack Road, Bexhill-on-sea TN40 2AT4
£341.4K12/240.53 mi39, Barrack Road, Bexhill-on-sea TN40 2AT4
£520K06/230.57 mi10, St Peters Crescent, Bexhill-on-sea, East Sussex TN40 2EH4
£340K01/250.6 mi12, Gleneagles Close, Bexhill-on-sea TN40 1UH4
£340K01/250.6 mi12, Gleneagles Close, Bexhill-on-sea TN40 1UH4
£520K12/220.61 mi25, Colebrooke Road, Bexhill-on-sea, East Sussex TN39 3PZ4
£445K10/210.62 mi40, College Road, Bexhill-on-sea, East Sussex TN40 1TG4
£385K08/210.65 mi17, Northcliffe, Bexhill-on-sea, East Sussex TN40 1RA4
£410K09/220.65 mi19, Northcliffe, Bexhill-on-sea, East Sussex TN40 1RA4
£402K11/240.67 mi10, Chantry Avenue, Bexhill-on-sea TN40 2EA4
£565K04/230.7 mi13, Chantry Avenue, Bexhill-on-sea, East Sussex TN40 2EA4
£665K07/230.71 mi23, Holmesdale Road, Bexhill-on-sea, East Sussex TN39 3QE4
£695K05/210.71 mi26, Holmesdale Road, Bexhill-on-sea, East Sussex TN39 3QE4
£520K08/210.72 mi19, Terminus Avenue, Bexhill-on-sea, East Sussex TN39 3LS4
£780K04/240.72 mi2, Holmesdale Road, Bexhill-on-sea TN39 3QE4
£675K03/240.74 mi16 Terminus House, Terminus Avenue, Bexhill-on-sea TN39 3LS4
£715K06/210.74 miRamblers, Westaway Drive, Bexhill-on-sea, East Sussex TN39 3QF4
£392K12/240.75 mi14, Woodsgate Avenue, Bexhill-on-sea TN40 2BL4
£392K12/240.75 mi14, Woodsgate Avenue, Bexhill-on-sea TN40 2BL4
£485K08/210.75 mi14, Constable Way, Bexhill-on-sea, East Sussex TN40 2UH4
£450K08/230.75 mi5, Constable Way, Bexhill-on-sea, East Sussex TN40 2UH4
£435K11/210.76 mi4, Holliers Hill, Bexhill-on-sea, East Sussex TN40 2DY4
£550K08/230.77 mi30, Cranston Avenue, Bexhill-on-sea, East Sussex TN39 3QG4
£450K07/250.77 mi37, Chantry Avenue, Bexhill-on-sea TN40 2EB4
£495K12/240.78 mi22, Danecourt Close, Bexhill-on-sea TN39 4AR4
£380K09/220.8 mi5, St Johns Road, Bexhill-on-sea, East Sussex TN40 2EE4
£368K12/210.81 mi21, Penland Road, Bexhill-on-sea, East Sussex TN40 2JG4

Local Area Statistics

Population in TN40

17,364

Population in Bexhill-on-Sea

43,178

Town centre distance

0.98 miles away

Nearest school

0.30 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-6%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £479,000

July 22, 2024

Floor Plans

Property image

Description

  • Eight Bedroom House +
  • HMO License +
  • Annual Income Of £25,000 +
  • Vacant Ground Floor Garden Apartment +
  • Set Across Three Floors +
  • Town Centre Location +
  • Fantastic Investment Opportunity +
  • Full Of Character & Charm +
  • Viewing Comes Highly Recommended +

A unique opportunity to acquire this spacious eight bedroom house, located in the heart of Bexhill Town Centre, currently operated as a HMO, with a full HMO license for six rooms, each with own kitchenette area, own electric metres, with five tenants currently in situ, with an additional apartment to the ground floor, comprising two bedrooms, fitted kitchen, shower room, conservatory, dining room & direct access onto rear garden. The vendors have advised they currently earn approx. £25,000 p/a income, excluding the vacant bedsit room & vacant ground floor garden apartment. Viewing comes highly recommended by Rush, Witt & Wilson Sole Agents.

Entrance Hallway - Stairs leading to first floor, radiator, door and stairs leading to the basement, additional door giving access onto the front.

Two Bedroom Ground Floor Apartment -

Entrance/Dining Hall - 3.98m x 3.61m (13'0" x 11'10" ) - Windows to the rear elevation, double radiator, open arch leading to the living room, open arch leading to the kitchen, fitted storage space with cupboards.

Living Room - 4.98m x 3.62m (16'4" x 11'10" ) - With glass panelled door giving access onto the conservatory with two radiators, feature fireplace, exposed wood flooring, door leading to the main entrance hall.

Kitchen - 3.97m x 1.89m (13'0" x 6'2" ) - Fitted kitchen with a matching range of wall and base level units with laminate straight edge worktop surfaces, drainer with hot and cold tap with space for free standing cooker, space and plumbing for washing machine, breakfast bar, skylight and additional window to the inner hallway.

Inner Hall - Leading to bedroom and conservatory.

Conservatory - 3.64m x 3.93m (11'11" x 12'10" ) - Double glazed windows and glass panelled door giving access onto the rear garden. Utility bench area with sink with drainer and mixer tap, space and plumbing for washing machine and tumble dryer.

Bedroom One - 5.64m x 3.63m (18'6" x 11'10" ) - Double glazed bay windows to the front elevation, two double radiators, feature fireplace, beautiful ceiling rose and cornicing, exposed wood flooring.

Bedroom Two - 3.16m x 4.59m (10'4" x 15'0" ) - With dual aspect windows to the side and rear elevations, double radiator.

En-Suite - With modern suite comprising w.c. with low level flush, pedestal mounted wash hand basin with hot and cold tap, walk-in shower cubicle with chrome wall mounted shower controls, chrome shower taps and chrome shower head, tiled flooring and tiled walls.

First Floor -

First Floor Landing - Stairs leading to second floor.

Separate Wc - With suite comprising w.c. with low level flush, floating wash hand basin with mixer tap, double glazed windows to the front elevation, part tiled walls.

Bedroom Three - 4.44m x 3.38m (14'6" x 11'1" ) - Double glazed windows to the rear elevation, feature fireplace, kitchenette area with sink with drainer and mixer tap, base level units with laminate straight edge worktop with tiled splashbacks.

Bedroom Four - 5m x 3.61m (16'4" x 11'10" ) - Two sets of double glazed windows to the rear elevation, electric radiator, built-in wardrobe cupboards. Kitchenette area with sink and drainer with mixer tap, matching wall and base level units with laminate straight edge worktop surfaces, tiled splashbacks.

Bedroom Five - 5.38m x 3.64m (17'7" x 11'11" ) - Double glazed windows to the front elevation, electric radiator, feature fireplace, kitchenette area with single drainer and mixer tap, base level units with laminate straight edge worktop surfaces and tiled splashbacks.

Bathroom - Floating wash hand basin with hot and cold tap, panelled bath with chrome controls with additional chrome wall mounted shower controls, chrome shower attachment and chrome showerhead. Double glazed windows to the front elevation and also housing a gas central heating boiler.

Second Floor -

Second Floor Landing - Additional store room.

Additional Wc - WC with low level flush, with floating wash hand basin with mixer tap and tiled splashbacks.

Bedroom Six - 5.12m x 3.59m (16'9" x 11'9" ) - Double glazed windows to the rear elevation, feature fireplace, electric radiator, kitchenette area with sink with drainer and mixer tap, base level units with laminate straight edge worktop surfaces and tiled splashbacks.

Bedroom Seven - 4m x 3.43m (13'1" x 11'3" ) - Double glazed windows to the rear elevation, electric radiator, kitchenette area comprising sink with drainer and mixer tap, base level units with laminate straight edge worktop surfaces, tiled splashbacks.

Bedroom Eight - 4.63m x 3.62m (15'2" x 11'10" ) - Double glazed windows to the front elevation, feature fireplace with electric radiator and kitchenette area comprising base level units with laminate straight edge worktop surfaces, sink with drainer and mixer tap and tiled splashbacks.

Outside -

Rear Of Property - Low maintenance rear garden mainly laid to patio and enclosed to all sides, offering privacy and seclusion with plants, shrubs and small trees of various kinds.

Agents Note - None of the services or appliances mentioned in these sale particulars have been tested. It should also be noted that measurements quoted are given for guidance only and are approximate and should not be relied upon for any other purpose.

Front Of Property - Low maintenance front courtyard area.

Agent Details

Rush Witt & Wilson, Bexhill-on-sea

01424 232420

Next Steps?

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