- Investment opportunity
- 4 Bedroom HMO
- Gross yield: 6.9%
- Rental income: £29,112 per annum
- 2020-2021 Student AST already in place
- Permitted development for 5th and 6th bedrooms
- Plans available for loft converstion
- Recently refurbished
Buy-to-Let | 4 Bedroom HMO | Popular Student Location
This property has a full HMO licence and is tenanted until August 2021, achieving a current rental of £28,080 rising to £29,112 in August 2020 which produces a gross yield of 6.9%. There are also plans already drawn for a loft conversion for a fifth bedroom with en-suit and an additional ground floor bedroom, making 6 bedrooms. This is under permitted development with no need for planning permissions.
Extremely close to all bus stops, walking distance to stores and very close to Brighton University. The patio garden is low maintenance. As you walk through the front door you'll find the first bedroom to the right, you then have a modern fitted kitchen, open planned lounge and a shower room at the rear of the property.
This property has been fully redecorated with white washed walls throughout, the living room has a feature wall and each bedroom has a good quality desk and chair provided along with Venetian blinds. The living room is provided with a large flat screen television. This property is a must view and represents a fantastic investment opportunity.
- Convenience Stores
- Off Licenses
- Night Clubs
- Post Offices
- Train Stations
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