Baden Road, Brighton

The Details

Floorplans Fees apply: Our fees Council tax band: C Property ref: 11902178

• Investment Opportunity
• 4 Bedroom HMO
• Continued C4 Usage
• Tenancy until Aug 2024
• Opportunity for Loft Conversion (Subject to relevant consent)
• £2,079.50 PCM / £24,954 PA Rental (2023-24)
• Forecasted £2,634 PCM / £31,612 for 2024-25
• Opportunity for Loft Conversion (Subject to relevant consent)
• 6.6% Gross yield
• Asking Price: £380,000

This investment opportunity is an exiting prospect for any experienced, or first time Landlord. With immediate return on investment, and low hassle due to the property's excellent condition, the house represents a safe and lucrative investment, but with further options to add capital value and improve rental returns if desired.

The property benefits from all good sized rooms, and is currently tenanted with a fixed term student AST until August 2024, returning a gross rental of £2,079.50 PCM. In line with overall market growth, the forecasted rental value for the property for the 2024-25 academic year is £2,635 pcm.

Having continuously been let to sharers, the property holds Category 4 usage consent, and all satisfactory safety certificates.

In very good rental condition throughout, the property benefits from a recently fitted kitchen, and all modern décor. There may be the option, subject to planning consent, to further extend the house. A loft conversion, with or without a dormer would create space for additional rooms, and changing into a 5 or 6 bedroom national HMO.

Situated off of Coombe Road, in the ever popular student rental area, this property represents a sound and safe investment, with improved rental figures year on year forecasted in line with market growth, as well as options to add capital value.