Hanover Street, Brighton

The Details

Floorplans Fees apply: Our fees Council tax band: C Property ref: 11533653

Virtual tour!

• Investment property
• Freehold
• 6 Bedroom HMO
• Situated in Hanover
• Tenanted until Summer 2024
• £3,640 pcm / £43,680 PA gross rental
• 7.6% gross yield
• Modern & stylish decor
• Room for further growth in returns
• Asking Price: £575,000

Coapt are delighted to present this beautiful Brighton Townhouse, representing a lucrative and sound investment, the property is up and running as a 6 bedroom HMO, with a tenancy's in place running until August 2024.

Situated in the ever popular ward of Hanover, this property benefits from being in the pinnacle of student rental locations, surrounded by parks, coffee shops, pubs and other amenities, and being just a short distance to the city and both universities.

Spread over three floors, the house is excellently presented, with modern fixtures and fittings. This assisted with the continued ease of letting the property, meaning it holds continued catagory 4 usage, and right to rent as a National 6 bed HMO.

The present tenancy returns a gross rental of £3,640 PCM / £43,680 PA, with a 2023-24 student AST also already signed, guaranteeing healthy returns well into the future. This produces a huge 7.6% yield. With the property's excellent location, and good condition, there is plenty of room for further cash flow growth, with the local rental market continuing to improve also.

Just as is the case whenever such a property comes to the market in the area, this is the crown jewel of Brighton HMO investments and early enquiries/viewings are very much advised.