Crayford Road, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 12635924 Council tax band: C

Virtual tour!

• Investment Property
• 4 Bedroom HMO
• High Spec & Low-Hassle
• Options to Develop + Add Value
• Fixed Term Student Tenancy In Place
• 8% + Gross Annual Return
• Exponential Rental Growth Forecast
• Council Tax Band: C (Student Exemption Currently Applies)
• EPC: D
• OIEO: £400,000

Located within one of the City's most in demand student rental areas, this 4 bedroom, Freehold HMO offers a fantastic investment opportunity. In excellent condition, and easily let on an annual basis, the house offers consistent and risk-free return and growth year-on-year. Or, for investment buyers looking to leverage the site, the property retains exciting options to add value, now or later, through the addition of further bedrooms.

The house is presently let on a fixed term Student AST, returning a lucrative £2,733 pcm / £33,276 pa. This returns a gross yield, in the first year, comfortably in excess of 8%. Due to the location and spec of the property, this rental return is forecast to grow year-on-year with minimal, if any, on-going investment into the asset.

The ground floor lays host to the first large double bedroom to the front. At the rear of the the property is te large, high-spec, open-plan living room / kitchen. This area also includes a all mounted TV, which along with all other furishings in the property are included in the purchase. On the first floor are two large double bedrooms, as well as a smaller third bedroom. This range of room sizes adds to the rental appeal, being attractive to tenant groups with a range of budgets, though a single fixed term AST is agreed with a single rent payment collected monthly form the household.

Subject to required consent, it is common for properties in the area to be expanded into the loft space with the addition of two further bedrooms, and a second bathroom added to the first floor. This expansion to a six bedroom HMO adds significant capital and cash flow value. Please speak to one of our agents for a breakdown on this project, forecasted costs and outcomes.

For further details, reach out to one of our specialist team on 01273 645797. Coapt are proud to Brighton & Hove's only specialist HMO estate agency for property sales, rental, management, funding and procurement/sourcing.