£1,200,000
Mayfield Lodging House, St Helier, St. Helier

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Features

9 Bedrooms
5 Bathrooms
Receptions
Parking

Summary

- Type
- Tenure
- Qualification
- Approx Size m2/ft2
High-Yield Lodging House Investment – First TowerAn excellent income-producing opportunity located in the highly sought-after First Tower area. This substantial lodging house comprises 8 self-contained bedsits and a spacious 2-bedroom apartment, offering strong and diversified rental income.The property benefits from parking for all units plus an additional space allocated to the apartment, a valuable feature in this location. Residents also enjoy access to a communal garden, enhancing tenant appeal and long-term rental demand.Current rental income totals £99,600 per annum, generating a strong gross yield of approximately 8.3% at the asking price of £1.2m. The bedsits are each let at £800 per month, with the 2-bed apartment achieving £1,900 per month, reflecting solid market rents.This asset would suit investors seeking:Immediate, reliable incomeStrong yield in a prime locationMultiple income streams reducing void riskPotential for future rental growth or value enhancementA rare opportunity to acquire a well-performing residential investment in an established and desirable area.
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35 yrs
60% 2 year tracker - 4.45%
With a 40% deposit of £480,000 on a property valued at £1,200,000 your monthly payments would be£3,385.19

Stamp Duty

Calculated on the property value of £1,200,000 the total stamp duty would be £33,500
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

Gaudin & CoEstate AgentsContact us about this or any of our listed properties.