- 6 Bedroom HMO
- Investment opportunity
- Virtual 3D tour available
- Excellent student rental location
- Usual rental income of £34,320 per annum
- Current short term company tenancy in place
- Current gross rental of £19,200
- 4.6% gross yield
- OIEO: £420,000
Investment opportunity! fantastic 6 bedroom HMO property, traditionally rented to students. The house has recently been refurbished, featuring white washed walls, new Venetian blinds throughout and a wall hanging smart TV.
Having achieved £34,320 from a 2019-2020 student AST, the property has consistently rented well to Sussex university students in particular, due to its location. The house is currently let on a company tenancy agreement for a gross rental of £19,200 per annum.
The property comprises of an entrance hallway leading to two bedrooms, a large separate living room and well equipped kitchen all on the ground floor. The kitchen, just fitted with new flooring, is towards the rear of the house and includes a tall fridge freezer, washing machine and gas hob oven. Through the kitchen is a separate shower room with toilet and a door leading out to a large rear garden. On the first floor are a further four bedrooms, as well as a modern bathroom with a bath and overhead shower.
- Convenience Stores
- Off Licenses
- Night Clubs
- Post Offices
- Train Stations
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