ROI = 12% BMV = 23.46%
Description

*** GUIDE PRICE £475,0000-£500,000 *** A substantial six bedroom semi-detached house with HMO licence and tenants in situ until 24/08/2025, producing £3,500 pcm or £42,000 per annum. To be sold as an ongoing investment, in a great location for student letting being in close proximity to Brighton and Sussex Universities. Generously sized accommodation which has benefitted from a loft conversion and occupies a corner plot with manageable sized gardens to three sides and off-road parking. A well-maintained property that consists of six bedrooms, dual aspect lounge, separate kitchen and two shower rooms plus separate WC. An ideal investment opportunity with high returns in a popular location for students, close to good transport links into the city centre. No onward chain. Approach - Footpath leading to UPVC front door, lawned front and side gardens with hedged boundaries, off-road parking space. Entrance Hall - Stairs ascend to first floor. Dual Aspect Living Room - 3.24m x 5.60m (10'7" x 18'4") - Windows to front and rear. Kitchen - 4.49m x 2.32m (14'8" x 7'7") - Range of fitted units at eye and base level, worktops with matching splashbacks. Fitted oven, gas hob with canopy extractor hood over, one-and-a-half bowl sink with mixer tap and drainer, spaces for appliances including washing machine, dishwasher and two fridge/freezers. Window and door to rear garden. Bedroom - 3.42m x 3.19m (11'2" x 10'5") - Window to front. First Floor Landing - Built-in cupboard housing combi boiler, stairs ascend to second floor, window to rear. Bedroom - 2.62m x 3.74m (8'7" x 12'3") - Two windows to front. Bedroom - 3.26m x 2.72m (10'8" x 8'11") - Window to front. Bedroom - 2.30m x 2.75m (7'6" x 9'0") - Window to rear. Shower Room - Window to rear. Shower enclosure with raised shower head and aquaboard splashbacks, wash basin with mixer tap, tiled splashback and storage cupboard below, low-level WC and heated towel rail. Separate Wc - Window to rear, low-level WC and wash basin. Second Floor Landing - Bedroom - 2.81m x 4.26 (9'2" x 13'11") - Velux window to the front, window to rear. Bedroom - 2.40m x 4.25m (7'10" x 13'11") - Velux window to the front, window to rear, eaves storage cupboard. Shower Room - Window to rear, shower enclosure with mains shower on riser, wash basin, low-level WC, heated towel rail. Rear Garden - Paved patio area, lawned section, shed, hedged boundaries, gated side access.

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Property Details
  • Property ID: 155564813
  • Added On: 2024-12-04
  • Deal Type: For Sale
  • Property Price: £475,000
  • Bedrooms: 6
  • Bathrooms: 1.00
Amenities
  • GREAT INVESTMENT OPPORTUNITY
  • Sold with Tenants in Situ
  • Let Until August 2025
  • Producing £3,500 pcm or £42,500 per annum
  • Generously Sized
  • Well-Maintained
  • Six Bedrooms
  • Two Shower Rooms Plus Additional WC
  • Off-Road Parking
  • Close Proximity to Universities