Atlingworth Street, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 9472167

• 4x HMO's - Total of 22 rooms
• Total Rental income of £148,720 2020-2021 on 3 AST's
• Off Brighton Seafront
• Freehold
• Currently a 7.4% yield
• No chain

Buy-to-Let | HMO | Popular Student Location |

Two spacious 5 storey houses in Kemptown, Brighton, (approximately 3.500 sqft and 4000 sqft) situated on Atlingworth Street just back from the seafront. A wealth of local amenities nearby including bars, cafes and shops make it an incredibly popular student property and each unit has been let continuously to students/sharers for over 20 years.

Each property has been converted into two maisonettes, each with own private entrance:

Property No.1 Comprising of an upper maisonette with 7 bedrooms, lounge, kitchen and 3 bathrooms. A lower maisonette is below comprising of 4 bedrooms, separate lounge, kitchen and 2 bathrooms.

Property No. 2 Adjoining property No.1, comprising of an upper maisonette with 8 bedrooms, separate lounge, kitchen and 3 bathrooms.

Below is a lower maisonette with 3 bedrooms, separate lounge, kitchen and bathroom.

There is further potential to increase the number of lettings rooms to 24, the use of the storeroom in property No. 2 is already approved on the current HMO licence.

The vendor currently lets the two lower ground floor maisonettes under one AST as they interlink. The two maisonettes are on separate AST's. 3 AST's in total with 7 occupants on each. All tenants have provided guarantors. Rental figures, along with suggested figures for the 2020-2021 tenancies are below:

Total Per Annum:
2020-2021: £148,720 - Gross Yield 7.4%

All tenants are responsible for paying their own bills.