£1,000,000Mayfield Lodging House
St Helier
Type
House
Bedrooms
9
Bathrooms
5
Receptions
Not stated
Size
Not stated
Parking
Parking
- Garden
- Parking
Read from Gaudin & Co’s own listing, mostly by matching their description rather than from a field they filled in. Anything not shown here may still be present — it means the listing did not mention it.
Key features
- Great Investment Opportunity
- Lodging House
- 8 Bedsits and a 2 Bedroom Apartment
- 9 Parking Spaces
- Communal Gardens
- Central Island Location
- 10.00% Gross Yield
Description
Written by Gaudin & Co, reproduced in full.
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:
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: bradleyv@gaudin.je
Tenure
Not stated
Housing category
Not stated