Birdham Road, Brighton

The Details

Floorplans Fees apply: Our fees Council tax band: B Property ref: 12258389

• Investment Opportunity
• 5 Bedroom HMO
• 2 Bathrooms + WC
• 3D Virtual Tour Available on Request
• Continued C4 Usage
• AST in place until Sept 2025
• £33,804 PA Gross Rental (2023-24)
• £35,616 PA Gross Rental (2024-25)
• 8% Gross Yield
• EPC: D

Perfectly situated between Brighton and Sussex Universities, this expansive five bedroom HMO has been a consistently strong performer in the rental market, and represents a safe and lucrative investment opportunity.

Holding a full National HMO license, and right of use as a C4 Dwelling (small HMO), the property is currently let on a fixed term AST until August 31st 2024. In addition to this, a subsequent tenancy for the 2024-25 academic year has already been agreed. The property is set to return a gross rental of £2,968 pcm / £35,616 PA, providing a substantial 8% gross yield PA. Consistent future rental growth, year on year, is forecasted in line with the strengthening market and shortage of private sector student housing.

The property is nicely offset from the road, meaning the property is exceptionally quiet and peaceful. As well as its close proximity to the universities, this has often meant interest from more mature student tenants. Entering the house, there is a useful entrance hall, as well as a side gate for access directly to the garden, allowing for storage of bikes without damage to the house itself. Also on the ground floor is an expansive living room and kitchen, with ample space for all occupiers, as well as a separate WC. The first two double bedrooms are also on the ground floor.
<br n the first floor are a further three double bedrooms, all larger than the market average, providing yet another string in the bow of this property for rental interest. Also unlike other HMOs in the city, this property boasts two bathrooms on the first floor, in addition to the ground floor WC. This is above the minimum amount required by licensing, both adding further attractiveness to tenants and also meaning less wear and tear.

To the rear of the property is a large, low maintenance garden, tree lined on one side.

In all in this expansive property represents a sound and low hassle investment, which is also future proofed. The property already returns an above average yield, which is set to grow further. Owing to the provisions and design choices, the house boasts minimal upkeep costs and is future proofed with all required legislative certificates, and an EPC rating of C.