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.
What's nearby?
- Bars
- Cafés
- Convenience Stores
- Dentists
- Doctors
- Hospitals
- Laundries
- Libraries
- Off Licenses
- Night Clubs
- Pharmacies
- Post Offices
- Train Stations
- Universities
Please note that any places of interest are from Google Places, we can't guarantee their accuracy or relevance, and Coapt does not endorse them in any way.