The Details
Floorplans Fees apply: Our fees Property ref: 12624250 Council tax band: C
- Investment Opportunity
- 6 Bedroom Licensed HMO
- Recently Refurbished
- Student AST in place until August 2025
- £49,920 PA current rental income
- £53,040 PA rental forecast for 2025-26
- Huge 8.5% Gross Yield Potential
- EPC: D
- Council Tax Bad: C (currently exempt owing to student occupancy)
- Asking: £625,000
Coapt are delighted to present this unique opportunity to purchase a high returning, low hassle investment property in a sought after location.
Positioned just off of Elm Grove, and adjacent to Hanover, Brading Road has long been regarded as one of the most desirable locations to live in the City, with beautiful architecture, a range of local amenities and easy transport links to the City Centre, and both Universities, the property is amongst the best performers in the student rental market.
As well as its prime location, the property has recently undergone a full refurbishment, featuring a full repaint, new flooring and furniture, and extensive roof works carried out. These works ensure the property not only lets easily and for a attractive rental sum, but remains low maintenance moving forwards. As a result the property is perfect for experienced investors seeking a high returning crown jewel in their portfolio, or first time investors seeking security with guaranteed income, but low hassle and expense.
The property presently has a fixed term student tenancy in place, running until August 2025 and returning £4,160 pcm gross rent. The property has recently been remarketed ahead of the next academic year also, seeking an up-lift, in-line with market growth, to £4,420 pcm for 2025-26.
Brading road further presents security of investment due to being situated in an area of high residential values. Whilst the house is the peak of the student rental market, high local values mean the property retains re-sale options to other markets, including owner-occupiers.
For further details, please contact our specialist HMO Sales team.
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.