£350,000

   

ROI = 13% BMV = 23.85%
Description

*** GUIDE PRICE £350,000-£375,000 *** IDEAL INVESTMENT OPPORTUNITY - Let until 17/08/25 at £2,400 pcm (£28,800 per annum) and being sold as an ongoing investment. A four bedroom HMO situated in a good location for student rental, just off Lewes Road between Brighton and Sussex Universities. The accommodation consists of four bedrooms, shower room plus separate WC, kitchen and conservatory. The property benefits from off-road parking for two cars, and is convenient for local shops and frequent buses into the city centre and to the universities. No onward chain. Approach - Off-road parking for two vehicles. Entrance Hall - Stairs ascend to first floor, LVT flooring. Living Room - 3.26m x 5.52m (10'8" x 18'1") - LVT flooring, window to front, gas flame-effect fire (untested) with stone surround and ornate mantlepiece. Patio doors to conservatory. Kitchen - 4.44m x 2.20m (14'6" x 7'2") - LVT flooring, range of units at eye and base level, laminate worktops with tiled splashbacks, stainless steel sink with mixer tap and drainer, spaces for appliances, understairs storage cupboard and door to: Conservatory - 4.93m x 2.45m (16'2" x 8'0") - LVT flooring, glass roof, patio doors to garden plus door to side. Bedroom - 3.15m x 3.19m (10'4" x 10'5") - Wood laminate flooring, windows to front. First Floor Landing - Window to rear, built-in cupboard currently used as wardrobe to adjoining room, entrance to loft. Bedroom - 3.40m x 3.69m (11'1" x 12'1") - Window to front, built-in cupboard. Bedroom - 3.26m x 2.79m (10'8" x 9'1") - Window to front, built-in cupboard. Bedroom - 2.26m x 2.64m (7'4" x 8'7") - Window to rear. Shower Room - Shower enclosure with tiled surround, shower unit with hand shower on riser, wash basin with mixer tap. Separate Wc - Low-level WC, wash basin with mixer tap. Garden - Paved patio area, lawned section, outhouse, large pond, small trees and walled and fenced boundaries.

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Property Details
  • Property ID: 151425773
  • Added On: 2024-09-19
  • Deal Type: For Sale
  • Property Price: £350,000
  • Bedrooms: 4
  • Bathrooms: 1.00
Amenities
  • INVESTMENT OPPORTUNITY
  • Let Until 17/08/25
  • Income of £2,400 pcm (£28,800 per annum)
  • Four Bedroom HMO
  • Generous Living Accommodation
  • Off-Road Parking
  • Conservatory
  • Situated Bewtween Brighton & Sussex Universities
  • Great Location for Students
  • NO ONWARD CHAIN