Medmerry Hill, Brighton

The Details

Floorplans Fees apply: Our fees Property ref: 12057874

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• Investment Opportunity
• 5 Bedroom HMO
• Option to add 6th bedroom with no extention
• Let agreed until Summer 2024
• £2,820 PCM gross rental
• £33,840 PA gross rental
• 6.7% Gross Yield PA
• Rental Potential of £3,510 PCM
• Rental Potential of £42,120 PA
• Potential yield of 8.4% Gross

Let agreed on a student AST for the 2023-24 academic year, this investment property offers immediate and guaranteed return on investment, with many options to further increase both the capital and rental values.

The property has contracts signed for a student tenancy returning a gross rental of £2,820 pcm / £33,840 PA. This tenancy is to a group of 5 students. However the substantial ground floor space of the property means that with the addition of a partition wall, the property could (subject to council consent) be let as a 6 bedroom property in future years, allowing for a substantial growth in value.

Residing in a popular student area, the house has consistently let to sharers year on year, and consistently and improved rents in-line with market growth. The property has been well looked after over time by the vendor, with modern fixtures and fittings meaning low hassle management for a new owner, and lovely living conditions for tenants.