Property Details

6 bedroom terraced house for sale For Sale

Upper Lewes Road, Hollingdean, Brighton, Brighton and Hove, England, BN2 3DH, United Kingdom

£550,000

ROI = 10% BMV = 15.73%

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Description

*** GUIDE PRICE £550,000-£575,000 *** IDEAL INVESTMENT OPPORTUNITY - An attractive brick-fronted period property which is substantial in size and arranged over three levels. Currently let at £3,500 pcm or £42,000 per annum until 2/9/25 and re-let at £3,640 pcm or £43,680 per annum for the next academic year, this is a licenced six bedroom HMO generating high returns. Situated in a prime student location close to the local amenities on Lewes Road with easy access to the city centre and the universities. The generous accommodation consists of six good sized bedrooms, two shower rooms plus a WC, a separate lounge and kitchen, with potential to add en-suites to at least two of the bedrooms to further enhance future rental income. Being sold as an ongoing investment with tenants in situ and no onward chain. Approach - Raised front garden, tiled steps ascend to front entrance. Entrance Hall - Ornate original cornicings, understairs storage cupboard, cupboard housing electric meters. Living Room - 4.31m x 3.81m (14'1" x 12'5") - Bay with double glazed windows, original ceiling covings. Bedroom - 3.65m x 3.13m (11'11" x 10'3") - Double glazed window to rear. Kitchen - 4.56m x 2.74m (14'11" x 8'11") - Range of units at eye and base level, worktops with tiled splashbacks. Stainless steel sink with mixer tap and drainer, space for range cooker and white goods including dishwasher, "Vaillant" combi boiler, door to rear garden. First Floor Landing - Split-level, stairs to second floor. Bedroom - 3.66m x 4.96m (12'0" x 16'3") - Double glazed bay window to front, period fireplace. Bedroom - 3.75m x 3.22m (12'3" x 10'6") - Double glazed window to rear. Shower Room - Large shower enclosure with electric shower and aquaboard splashback, wash basin, door to rear garden. Shower Room - Corner shower enclosure with hand shower on a riser, wash basin, low-level WC. Second Floor Landing - Split-level. Bedroom - 4.79m x 1.59m (15'8" x 5'2") - Velux window to front. Bedroom - 4.06m x 3.28m (13'3" x 10'9") - Double glazed window to rear, built-in storage cupboard, pedestal wash basin with splashback. Bedroom - 3.54m x 2.84m (11'7" x 9'3") - Double glazed window to rear. Separate Wc - Low-level WC with concealed cistern, wash basin with tiled splashback. Rear Garden - Patio area, steps ascending to main garden, mostly lawned with additional paved patio. Walled and hedged boundaries.

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