Coombe Terrace, Brighton

The Details

EPC Floorplans Fees apply: Our fees Property ref: 11258327

• 4 Bed HMO
• Perfect student rental
• Excellent location
• AST in place until Sept 22
• £24,335 Gross rental per annum
• 6% Yield
• Asking Price: £400,000

This excellent four double bedroom, furnished HMO is in a prime student location on Lewes Road. Just 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 investment opportunity. The property also benefits from solar panels which are owned outright.
You enter the property into a welcoming hallway with the capacious, open plan living room immediately to your left. It is a stylish living room, which is furnished to a high standard with comfortable sofas and a dining table with chairs. As you continue through the property, the spacious U-shaped kitchen that is fitted with all necessary mod cons and furnished with tasteful units, is in the middle of the property. Next door to the kitchen is the well-equipped, communal bathroom, which has a lovely large bath with an overhead shower. At the rear of the property is the first of the four double bedrooms. As with all the bedrooms it is furnished with copious amounts of storage, double beds and a practical work space. On the first floor there are three more sophisticated, double bedrooms. Each furnished to the same high standard as the ground floor bedroom and include charming features.

With a current tenancy in place running until this summer, and a following tenancy until Summer 2023 in the pipeline, this HMO offers immediate return on investment. In its present condition, the property lets easily and consistently each year for a good return. Given its excellent location, there is also scope to vastly improve those rental returns if additional modernisation is carried out.