£1,000,000
9 bed detached house for saleMayfield Lodging House, St Helier JE2
9 beds
5 baths
Just added
Freehold
About this property
Great Investment Opportunity
Lodging House
8 Bedsits and a 2 Bedroom Apartment
9 Parking Spaces
Communal Gardens
Central Island Location
10.00% Gross Yield
High-Yield Lodging House Investment – First Tower
An 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 10% at the asking price of £1m. 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:
A rare opportunity to acquire a well-performing residential investment in an established and desirable area.
For further information please contact Bradley Vowden:
Parking - Off Street
An 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 10% at the asking price of £1m. 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 income
Strong yield in a prime location
Multiple income streams reducing void risk
Potential for future rental growth or value enhancement
A rare opportunity to acquire a well-performing residential investment in an established and desirable area.
For further information please contact Bradley Vowden:
Parking - Off Street
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Monthly repayment
£5,002 per month
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Tenure
Freehold
Council tax band
Council tax band not yet known
Ground rent
£0
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