Ladysmith Road, Brighton

The Details

EPC Floorplans Fees apply: Our fees Property ref: 11386718

• Prime Letting Area
• 6 Bedrooms
• 3 Shower Rooms
• Garden
• Annual Rental Income £39,624 PA

Ladysmith Road was acquired by the present landlords in 2008 and after full refurbishment, with modernised bathroom and fitted bedrooms, it proved an immediate success with student groups, for which it has operated as an annual let for more than 12 years, acquiring its licence in 2013.
This is a popular house with larger groups, which has never failed to let - including throughout the pandemic - and after a brief changeover void in summer 2022, it already has a referenced and guaranteed student group contracted for the academic year 2022-23 at £3,302.00 pcm = 39,624 PA
The house is just 10-15 minutes walking distance to the University of Brighton Moulsecoomb campus. Lewes Road buses to University of Brighton and Sussex University’s Falmer campuses, together with shops and services at the Gyratory, are a few minutes away, in an area popular with students. Such houses are in short supply: no new licences are being granted in the Lewes Road area, without planning permission. br This brick-built Edwardian property was fully renovated by the present landlords on acquisition, and has been well-maintained since.
As well as meeting all statutory requirements such as smoke alarms and fire doors, a number of further improvements have been made to suit student groups: stained and varnished floors throughout, built-in workstation in the lounge area next to the kitchen. In 2018 an architect-designed loft conversion added a two more bedrooms, a second WC, and two more shower rooms, with further upgrades to all rooms, such as vanity units.
The property presently offers its tenants: GFCH (Vokera Ecotec fitted in 2018 and certificated annually), 2 fridge freezers, separate laundry with tumble drier, and washing machine (both renewed 2018); a kitchen with electric oven and hob, extractor, dishwasher, etc; three modern bathrooms with showers. Tenants are offered an optional inclusive package by the present managing agents, but broadband is tenants’ own responsibility. All 6 bedrooms are fully furnished with double beds, and fitted desk, shelves and clothes storage. The majority also have custom-made vanity units with basins.