Carlyle Avenue, BrightonOffers in the Region Of £380,000
On MarketCoapt - 01273 64579700002684
- Investment opportunity
- 4 Bedroom HMO
- Options to Add Rooms To Increase Value (STPC)
- Consistant and Lucrative Student Rental Property
- Let Agreed Through to Summer 2026
- £2,800 PCM / £33,600 PA Rental Income
- Gross yield 8.8%
- Council Tax Band: C
- EPC: D
- Asking Price: £380,000
Coapt are the City's only specialist agency for the buying and selling of HMOs, and are delighted to bring to market a prime example of a secure and high returning investment opportunity.
Let agreed for £2,800 pcm for the coming academic year, through to summer 2026, this attractive home has consistently commanded lucrative rental income, owing to its prime student location and attractive condition. The property holds an additional HMO license and has consistently been let to sharers as a C4 dwelling, holding right of continued use under Brighton's article 4 directive - the rarely available planning status needed to operate a HMO locally.
As well as operating as a high yielding 4 bedroom rental (8.8% gross in the first year), and the promise of future rental growth, the property holds options for development to add value in the form of additional rooms. Subject to necessary planning consent, there are options to both develop the loft space for addition rooms, or extend to the rear into the expansive garden. It could be further explored to seek planning consent for the construction of a new dwelling in the garden.
The property presently comprises of a large lounge/kitchen which spans the whole rear width of the house and provides access to the rear garden, which can also be reached via a useful gate to the side of the house, handy for the storage of bikes, or in the event of construction or repairs to the back of the property. Also on the ground floor is a first large double bedroom.
On the second floor are a further three bedrooms and a well proportioned bathroom. In its current format, the property offers further security on investment in that it is still an attractive prospect to residential buyers, as a three-bed family home, without loss of capital value. Thus, whilst the property offers assured and high yielding returns year on year, re-sale options as an exit strategy are also plentiful.
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