Newick Road, Brighton£430,000
Sold STCCoapt - 01273 64579700002355
- SOLD Subject to Contract
- 4 Bedroom
- HMO
- Freehold
- Council Tax Band: B
- EPC: D
- Current Gross Rental: £27,036 pa
- Current Gross Yield: 6.8%
Coapt are delighted to present to market, this exciting investment property.
Licensed as a 4 bedroom HMO, the property has consistently let to student sharers for a number of years, often amongst one of the first properties to let each season, owing to its close proximity to both of the City's Universities.
Currently returning an annual revenue of £27,036 until summer 2025, there are options to increase the rental income, inline with overall market growth. However the property also retains options to be converted into a 5 bedroom property, with a forecasted potential rental of £36,400 PA. producing a 8.4% gross yield against the purchase price.
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Energy Performance Certificate