Upper Lewes Road, Brighton

The Details

EPC Fees apply: Our fees Council tax band: D Property ref: 11708120

• Investment Opportunity
• 6 Bedroom HMO
• Freehold & Chain Free
• AST until Aug 2024
• Consistently let to students
• Prime rental condition and location
• £45,000 Gross rental per annum
• 8.3% gross rental yield, growing to 9%
• Asking price: £545,000
• EPC: D

Superb investment opportunity available with this modern, recently refurbished 6 Bedroom HMO, in a prime student rental location, which benefits from a huge 8.3% gross rental yield.

This property is a consistent top performer in the student market, in both rental achieved and ease of let. Situated at the North end of Upper Lewes Road, the house is highly desirable to student sharers due to its close proximity to shops and its travel links to both universities and the city centre. This, coupled with its high internal spec, thanks to recent refurbishments. allows for high confidence in the long term success of this quality investment.

Currently let on a single joint AST to student sharers until August 2024, the property returns £3,750pcm / £45,000 gross rental, and an exceptional 8.3% yield. The property has also recently been re-marketed for the following academic year, with an increased rental of £4,100 pcm, in line with current market growth. This rental is expected to be secured in the coming weeks, increasing the already attractive yield to a huge 9% PA.

The property further benefits from having recently been re-rendered and painted externally in 2024.