Moulsecoomb Way, Brighton

The Details

EPC Floorplans Fees apply: Our fees Property ref: 10602464 Council tax band: B

• Investment opportunity
• 6 Bedroom HMO
• High standard throughout
• 2 Bathrooms
• AST until August 2024
• Gross rental income of £34,320pa
• Rental potential of £42,120pa
• Rental yield of 7.3%
• Rental yield potential of 8.7%

Investment opportunity - 6 Bedroom HMO freehold - Student rental property

With a recently renovated kitchen this sizeable 6 bedroom house offers lots of space for socialising and relaxing, both inside and out. Located in Moulsecoomb it has terrific transport links to both the city centre and the city’s universities, with local amenities just around the corner. The ground floor has a new, light and airy kitchen/diner at the rear with a small boot room that leads out into the two tiered garden, with a small WC and the first, large double bedroom to the front of the property.

On the first floor are a further three double bedrooms and a sleek, contemporary bathroom. The property continues up to the second floor, into the eaves, where the two remaining bedrooms are located with a shower room in between them.

The current owner is only letting to a group of 5 students on an AST agreement until August 2024, the house presently earns £2860pcm / £34,320 gross rental, therefore currently achieving a 7.3% yield. In previous years when the property has been let to groups of six, with an achievable rental figure of around £42,120 per annum.