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The Details
Fees apply: Our fees Property ref: 11876272
- Investment opportunity
- 5 Bedroom HMO
- Recently Refurbished
- Student tenancy until August 2024
- Continued C4 usage
- £36,780pa rental for 2023/24 tenancy
- 6.7% yield
- Coapt Ref: 11876272
Buy-To-Let investment opportunity that offers immediate return on investment, and hassle free management due to its great condition, but with options to add value if desired.
Situated in a student HMO hot bed, this well sized 5 bedroom HMO has been rented to students and professional sharers. Boasting the same convenient proximity to both universities and amenities as other HMOs in the area, this property also benefits from a well designed loft conversion, maximising the available space, creating all large double rooms.
Currently returning £2678pcm / £32,136pa gross rental on a student tenancy until summer 2023. The property is then rented until August 2024 for £3065pcm / £36780pa meaning there is immediate and constant cash flow for any potential buyer.
The property was entirely renovated less than 18 months ago and is in great condition throughout, meaning low hassle and little expense for several years to come. Though with a growing and improving rental market, and some scope for modernising the aesthetic, there are great options to add value to this Freehold house. Rental income would be expected to grow here, in line with market conditions, without need for investment.
This five double bedroom HMO is in a superb location just off of Lewes Road. Only a ten minute walk into central Brighton, close to great bus links to both universities, and with two large supermarkets nearby, it is a fantastic home! On the basement level there is the open plan living space with a modern fitted kitchen including a dishwasher and two fridge freezers. Leading on to the utility room with a washing machine and tumble dryer, a newly fitted bathroom and access to the rear garden which is low maintenance and absolutely perfect for socialising in when the days get warmer. Moving up to the ground floor there are two double bedrooms and then going up again on the first floor there two further doubles and shower room. On the second floor you will find the 5th bedroom in the attic. All bedrooms have a sink unit with cabinet. Situated near to direct transport links in and out of the city, just over the road from a large supermarket and with ample space for entertaining, there is a lot on offer with this property.
What's nearby?
- Bars
- Cafés
- Convenience Stores
- Dentists
- Doctors
- Hospitals
- Laundries
- Libraries
- Off Licenses
- Night Clubs
- Pharmacies
- Post Offices
- Train Stations
- Universities
Please note that any places of interest are from Google Places, we can't guarantee their accuracy or relevance, and Coapt does not endorse them in any way.