Wild Park Close, Brighton£365,000
On MarketCoapt - 01273 64579700002710
- Investment Property
- 4 Bedroom Licensed HMO
- Tenancy in Place Until August 2026
- Current rental of: £2,461 pcm
- Current rental of: £29,532 pa
- 8% Gross Yield in the first year
- Attractive Spec, and Low Maintenance
- EPC: C
- Council Tax Band: C
- Asking: £365,000
Found just off of Lewes Road, this attractive four bedroom HMO is perfectly located for rental to students. The property is let agreed for the present academic year, and is of high spec ensuring little ongoing maintenance needs. Holding an EPC rating of C, the house is also protected against upcoming legislative changes, ensuring this well proportioned home makes for a secure and high yielding investment, promising low hassle management and security of ongoing rental potential.
Owing in part to its position between each of Brighton University and the University of Sussex, the property has for many years performed well in the student rental market. As well as great proximity to these institutes, there are strong travel links with a bus stop just a minutes walk away, as well as Moulscoomb Train station around the corner. The most recent and present rental agreed on the property covers the current academic year, with a fixed end date of August 2026. This AST returns a rental of £2,461 pcm, offering a gross yield of 8% in the first year and the anticipation of future growth for improved returns.
One of the largest appeals of the house is its security as an investment and being well prepared for future changes in legislation and the market. The property is in very good decorative order, meaning very little ongoing investment is expected for the first years after purchase, and low maintenance and running costs. Further to this the property holds an EPC rating of C, which already complies with the proposed changes to minimum Energy Efficiency Standards for rental property. Also appealing is the exit strategies held by this asset, which holds identical value as a residential home, meaning a range of buyer demographics for future sale. Finally, and again in part thanks to its location, the property has a range of potential rental demographics also. Though in recent years the site has been used purely for student tenancies, the house is expected to perform equally well in the residential or professional sharers rental markets. This flexibility of let type offers peace of mind and robustness against changing marketing conditions with the ability to capitalise on new markets if required.
Holding the required BHCC additional HMO license for four occupiers, and with a lucrative rental already in place, this property will appeal to first time investors and serial Landlords alike.
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