This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Investment Property
- Charming Five Bedroom Property, Currently A HMO
- Prime Rental Location
- AST In Place Until August 2024
- Current £2,752 pcm Rental
- Current £33,024 pa Rental
- Forecasted £3,142 pcm / £37,000 Future Rental
- Close Proximity To Brighton Train Station
- Excellent Local Amenities & Transport Links Into The City
Nestled in the heart of Elm Grove, this property enjoys an unrivalled location that has consistently attracted substantial rental demand. The proximity to the city centre and its popularity among students make it a prime choice for tenants, ensuring a steady stream of applicants and allowing landlords the luxury of tenant selection.
Currently, the property benefits from a fixed-term Assured Shorthold Tenancy (AST) agreement with students until August 2024, generating a gross income of £2,752 per month (£33,024 per annum) and an impressive 6.3% yield on the asking price— a guaranteed return for the first year. Looking ahead, the forecast for the 2024-2025 academic year anticipates substantial growth, with an expected rental income of £3,142 per month (£37,700 per annum) at an attractive 7.1% gross yield.
The property's strategic location and high-quality finish position it for continued growth in rental returns, aligning with broader market trends.
Unlike many HMOs in the city, the architectural design of this property allows it to retain its full value even if reverted to a family home for sale. This unique feature provides flexibility for landlords, offering large security and exit options if needed.
This HMO not only promises excellent current returns but also positions itself as a long-term investment with potential for both rental and capital value growth. The solid rental history, combined with the upcoming rental season and projected growth, makes this property a compelling choice for investors seeking stability and profitability.
In summary, this five-bedroom HMO on Elm Grove stands as a testament to prime location, guaranteed returns, and future growth potential. Whether you're a seasoned landlord looking to boost your portfolio or a first-time investor seeking a secure venture, this property is your gateway to a successful and rewarding investment in Brighton's thriving real estate market.
Act now to secure your place in this unparalleled investment opportunity.
Train Station: London Road 1.1 miles, Brighton 1.2 miles
Council Tax: Band C
Places of interest
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Property reference HOV230744. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Mishon Mackay - Seven Dials.
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Broadband availability and predicted speed: obtained from Ofcom on January 5, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 8, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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