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Floor plans for Atlingworth Street, Brighton property for sale in Kemptown, Brighton by Coapt
Floor plans for Atlingworth Street, Brighton property for sale in Kemptown, Brighton by Coapt
Floor plans for Atlingworth Street, Brighton property for sale in Kemptown, Brighton by Coapt
  • BN2
  • 4x HMO's - Total of 21 rooms
  • Total Rental income of £125,580 2018-2019 on 3 AST's
  • Increasing to £132,080 2019-2020
  • Freehold

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 7 bedrooms, separate lounge, kitchen and 3 bathrooms. This upper maisonette also contains an unused store room which could provide an additional bedroom making a total of 8 bedrooms.

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:
2018-2019: £125,580 - Current Gross Yield - 5.7%
2019-2020: £132,080 +£6,500 - Gross Yield 6%
2020-2021: £147,500 +£9880 - Gross Yield 6.7% (Extended to 22 rooms)

All tenants are responsible for paying their own bills.

Next...

01273 645797
enquiries@coapt.co.uk

Please quote the property reference 9472167 when enquiring.

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