Egginton Road, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 11701654

• 5 Bedroom HMO
• Freehold
• 2 Bathroom
• Top rental performer
• Secure investment
• Let agreed until August 2024
• Gross rental of £2,925 PCM
• Gross rental of £35,100 PA
• 7.4% Gross yield
• EPC: C

Excellent HMO investment opportunity on Egginton Road Brighton. As one of the first student properties to let year on year, and commanding a very attractive 7.4% gross yield PA, this property is an attractive prospect for both experienced Landlords and first-time investors.

Due to its proximity to the university at Falmer, this property has been a consistent top performer in the student rental market, letting very early in the rental season each year. A strong growth in rental value is anticipated for the next few years in an already strong, yet still improving, market. Having been well looked after by the Vendor, the entire property is in excellent order, with modern and stylish décor throughout, allowing for hassle free and low maintenance ownership for any Landlord.

The property is let agreed with a fixed term tenancy for the 2023-24 academic year at £2,925 PCM / £35,100 PA, which provides a very healthy 7.4% gross yield in the first year.

Away from the student market, the property retains very secure alternate options. Its location in a beautiful leafy cul-de-sac means the house would also be attractive as a rental for professional sharers and families, as well as having strong re-sell potential to the residential market in an area of high demand but low supply.

The property is sold with all fixtures and fittings included, as well having further benefits such as being located on the end of terrace and having large but low maintenance front and rear gardens. The house is also future proofed and protected against changing legislation, with an energy efficiency rating of C (75) and a potential to become B (88).