- Price: £585000
- Amenities:
- 6 Bedrooms
- 3 Bathrooms
- 1 Living Rooms
The Details
Coapt are delighted to present this unique opportunity to purchase a high returning, low hassle HMO investment property in a sought after, Central Brighton location.
Positioned just off of Elm Grove, and adjacent to Hanover, Brading Road has long been regarded as one of the most desirable locations to live in the City, and with beautiful architecture, a range of local amenities and easy transport links to the City Centre, and both Universities, the property is therefore amongst the best performers in the student rental market.
As well as its prime location, the property has recently undergone a full refurbishment, featuring a full repaint, new flooring and extensive roof works carried out. These works ensure the property not only lets easily and for a attractive rental sum, but remains low maintenance moving forwards. As a result the property is perfect for experienced investors seeking a high returning crown jewel in their portfolio, or first time investors seeking security with guaranteed income, but low hassle and expense.
The property presently has a fixed term tenancy in place, running until August 2028 (Company Let) and returns £40,500 per annum gross rent (a 7% Yield), but previously as a student let has easily achieved £49,920 on a group tenancy (Yield of 8.5%).
Brading road further presents security of investment due to being situated in an area of high residential values. Whilst the house is the peak of the student rental market, high local values mean the property retains re-sale options to other markets, including owner-occupiers.
This property is also available as part of a Limited Company Portfolio sale. For further details, please contact our specialist HMO Sales team on 01273 645797.
Disclaimer: Coapt Ltd make every effort to ensure the accuracy of advertised information, but are often reliant on third parties to acquire this. Where any details contained on this listing are of priority to you we advise speaking to one of our agents to confirm formal details, and also referring to and reading any tenancy agreement issued in relation to this property. Any tenancy agreement entered into is subject to contract, and the terms of this contract only. Some properties are marketed with bedding/furnishings that are not included when you move-in. Where locks are visible on bedroom doors, this does not guarantee the lock is functional or that keys are provided by the Landlord. Please speak to one of our team should you have any questions
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- Call us: 01273 645797
- Email us: enquiries@coapt.co.uk
We are members of The Property Ombudsman and the National Landlords Association
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