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The Details
Floorplans Fees apply: Our fees Property ref: 11531457 Council tax band: C
- 5 Bedroom HMO
- Options to add a 6th Bedroom
- Tenancy secured until Summer 2025
- 2024-25 Rental of £38,700 PA
- 7.5% Gross Yield PA
- Prime Student Rental Location
- Continued C4 Usage
- Council Tax Band: C
- EPC: C
- £515,000
The house has a very sunny aspect, facing south at the back, with views from the upper windows to the sea. It is very convenient to all amenities and transport links, and offers fully modernised and furnished accommodation on three floors.
The property is presently licensed as a 5 Bedroom HMO. Though holds a 6th room which is presently used as additional office/storage space. If expanded to meet minimum size requirements, the property, subject to relevant consent, could be licensed as a 6 bedroom HMO and the rental income increased significantly.
Full range of appliances, including a large larder fridge and freezer plus fridge/freezer, washing machine and tumble drier. Kitchen/diner and lounge. All rooms have double beds. Stained and varnished wooden floors throughout.
The property was acquired by the present landlords in 2008 and after full refurbishment, with modernised bathroom and fitted bedrooms, it proved an immediate success with student groups, for which it has operated as an annual let for more than 12 years, acquiring its licence in 2013.
This is a popular house with larger groups, which has never failed to let - including throughout the pandemic. There is a referenced and guaranteed student group contracted for the academic year 2024-25.
This house in Ladysmith Road offers:
5/6 double bedrooms; all fully furnished with mostly fitted furniture for student purposes, and most with vanity unit and basin
Open plan dining/workspace area with separate kitchen
Separate TV room/lounge
Three shower rooms
Large rear garden
Gas fired central heating
Washing machine, tumble drier in separate laundry beside the kitchen
Well-lit cafe-style work area with stools in the lounge
The house is just 10-15 minutes walking distance to the University of Brighton Moulsecoomb campus. Lewes Road buses to University of Brighton and Sussex University’s Falmer campus, together with shops and services at the Gyratory, are a few minutes away, in an area popular with students. Such houses are in short supply: no new licences are being granted in the Lewes Road area, without planning permission.
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.