Caledonian Road, Brighton

The Details

EPC Floorplans Fees apply: Our fees Council tax band: C Property ref: 11164013

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• 6 Bedroom HMO
• Fully refurbished
• Exceptionally located for student rental
• Continuous use as category 4 dwelling
• £43,368 Gross rental PA
• £3,614 Gross rental PCM
• Increased rental potential for 2023-24 tenancy
• 7% Gross Yield
• Asking: £625,000

This exceptional six double bedroom, terraced house is in a prime location on Lewes Road, just a 10 minute walk into central Brighton and close to great bus links to both universities. Making this an exceptionally sound student rental property.

Arranged over three storeys, you enter the property onto the ground floor that contains three of the six double bedrooms and a contemporary shower room. As with all the bedrooms, they are furnished to a high standard, with lots of storage space, dedicated work desks and welcoming double beds. Downstairs, is the luxurious kitchen and living room. The kitchen is fitted with all the necessary white goods, a breakfast bar and has ample storage. The living area has two comfortable sofas and an armchair, making it a superb space to relax and socialise. The suntrap patio garden is accessed from the rear of the kitchen and there is also another double bedroom on the lower ground floor. The top floor has another two bedrooms, each furnished to the same high standard as before and have lots of contemporary features. The second bathroom which has a large shower cubicle and WC is also on the top floor.

This house is full of character, was recently renovated, with no major works now required for several years.

The current rental produces £43,368 gross income per annum which can be expected to improve in the next rental season also. Producing a present yield of 7%.