- Investment opportunity
- 6 bedroom HMO
- Current AST until September 2020
- £37440 rental per annum
- 6.2% yield currently
- Asking Price: £600,000
This 6 bedroom HMO is currently let until September 2020 and currently achieves £3120pcm / £37440pa, This is currently a 6.2% yield and is also on the market to let for the next student academic year at the same rental figure.
The property is a 6 bedroom HMO on Stanmer Park Road in the popular Hollingdean area is in good condition throughout. . The house is over 4 floors and from the front door you are met with a hallway with the first two double of the 6 bedrooms as well as the first bathroom. On the lower ground floor there is a utility room with a range of appliances as well as an extremely large open plan kitchen/ living area. The lower ground floor as has a separate W.C and access to the good sized garden.
When walking up the stairs to the first floor you are met with the the second bathroom which has a bath and three more of the bedrooms, of which two are large doubles and the other a big single bedroom. The top floor is perfect if you want a little more privacy as the whole floor is one bedroom and even has in-built storage.
The property is popular with students as it benefits from free on-street parking as well as being close a bus stop that you can get the 50 and 50U to both universities.
- Convenience Stores
- Off Licenses
- Night Clubs
- Post Offices
- Train Stations
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