Coombe Terrace, Brighton

The Details

Floorplans Fees apply: Our fees Council tax band: C Property ref: 12495962

Virtual tour!

• Investment Opportunity
• 4 Bedroom HMO
• Tenancy Until Summer 2025
• Rental Return: £31,200 PA
• 7.8% Gross Yield in First Year
• Further Rental Growth Expected
• Options To Add Value And Increase Yield
• Has Right Of Use As A C4 Dwelling (small HMO)
• EPC: C
• Council Tax Band: C

This excellent four double bedroom, furnished HMO is in a prime student location on Lewes Road. Owing to its prime location, this investment property has consistently provided secure and low-hassle income, with large growth in line with local values. The property offers guaranteed long term returns, but with options to further add both capital and rental value.

The property is presently tenanted for the 2024-25 academic year with a single joint AST agreement for four occupiers. This rental returns £2,600 pcm / £31,200 pa providing a gross yield in the first year of 7.8% against the asking price. Coapt have achieved an average rental increase of 12% in the least year for student properties, with similar growth forecast for the next season also. Further to this, the property has potential, subject to obtaining relevant consent, to have a fifth room added. Alterantively, rental return could be increase with aesthetic improvement to the property.

You enter the property into a welcoming hallway with the capacious, open plan living room immediately to your left. 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. Adjacent to the kitchen is the well-equipped, communal bathroom, which has a 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 double bedrooms. ,

The property holds a full HMO license, as well as retaining the right of use as a C4 dwelling, to fulfil local planning requirements. Located at the rear of the property, the house also hosts Solar panels, which are owned outright.