Oh no, it's gone!
Sorry, Bevendean Crescent, Brighton is no longer available
You can register to receive updates on new properties that become available, or search below available properties.
The Details
Fees apply: Our fees Property ref: 11740546 Council tax band: C
- Investment Opportunity
- 4 Bedroom HMO Freehold
- Current let until Sept 2024
- Single joint student AST in place
- £2,169 PCM gross rental
- £26,028 PA gross rental
- 6.6% PA gross yield
- Scope to improve returns with modernisation
- Continued C4 usage since pre-2012
- Consistent and continued rental success
Excellent opportunity to purchase this 4 bedroom HMO with a tenancy in place to offer immediate return on investment.
Situated in a student hot-bed, this property has been consistently and reliable let as to student sharers for an extended period of time. Nicely finished with bells and whistles such as a wall-mounted TV, the property offers a future of reliable returns without need of further investment.
There is however the opportunity to further modernise and improve spec with scope to increase rental return as a result.
With potential changes to the local additional HMO scheme on the way, and an existing EPC rating of C, the property is future proofed from changing legislation, and offers the perfect property for first time investors, or a reliable low-hassle asset for experienced Landlords.
The property currently returns £23,472 PA on a tenancy running until summer 2023. A subsequent tenancy has also already been agreed running until Sept 2024 and an improved annual rental of £26,004 offering a hearty 6.6% gross yield.
With rising local HMO rents, the yield on this property is set to increase organically for the next 3-5 year period. Continued use as a C4 property can be evidenced to satisfy the local article 4 directive.
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.