Dewe Road, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 11285858

Virtual tour!

• 3 Bedroom HMO
• Investment Opportunity
• Investment Purchase Only
• Rear Garden
• Fantastic location next to Brighton University
• £20,280 gross rental per annum
• 5.4% yield
• £375,000 Asking Price
• Tenancy secured until Aug 2024
• Coapt 11285858

Fantastic investment opportunity. 3 Bedroom HMO located right on Lewes Road, in prime student location. The property has consistently let to student occupiers, with a current tenancy running until Summer 2023 returning £19,812 gross rental for the year. Following this, a new tenancy has already been agreed and lined up running August 2023-24 at £20,280.

With a shortage of 3 bedroom HMOs in the city, there is huge scope for consistent improvement in rental returns year on year., The property presently is in good rental condition, but with modernisation could see a further increase in yield.

A good sized living room, kitchen and rear garden, means there is ample of space for tenants, or has potential for reconversion to a family home with minimal work required. An utilised loft space may provide the opportunity for a loft conversion, adding an additional room.