Property photos
Sold STC
£600,000
6 bed terraced house for sale
Hollingbury Road, Brighton BN16 beds
2 baths
1 reception
EPC rating: C
Key Information
Local area information
Property location
Nearby amenities
- Downs Junior School 0.2 miles
- St Joseph's Catholic Primary School 0.2 miles
- London Road (Brighton) 0.4 miles
- Moulsecoomb 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Furnished
- Freehold
- 6 bedroom HMO
- C4 Use Consent Through Continued Use
- £48,360 pa advised rental for 2024/25
- 8% Gross yield
- Anticipated 10% Annual Rental Growth
- Options to Add Value
- Prime Student Rental Location
- EPC: C
- Asking Price: £600,000
Positioned on Hollingbury Road, this beautiful three story HMO represents a sound, safe and lucrative investment.
Holding a national HMO license, and right of use as a C4 dwelling (planning consent for HMO use), the property has been operated as a Student Rental Home for many years. Owing priamarily to its location and size, the house has proved a safe investment, with ease to re-let each year, and the opportunity for annual rental growth. The property is targeting an increase in the region of 12% gross for the upcoming 2024-25 tenancy, in line with overall market growth. Coapt Lettings are forecasting potential further growth, year on year, in the region of 10% per annum, owing to the disparity between student population numbers and private market property availability.
The house offers excellent flexibility, having been well maintained structurally, and with moderate internal specification. This means the property can be bought and held with little major investment needed. However with further investment to modernise, there is further scope to improve the rental return. Due to the property's location and architectural type, with aesthetic improvement the house has potential to be one of the flag ship student HMOs in the city, with rental potential in the region of £56,160 pa.
Unlike most other HMO hot-beds in the city, Hollingbury road retains high property values generally, including for residential (C3 use) properties. This proves further safety of investment, as there are various resale options as a continued buy-to-let, but also as a family home, or options to split the title and sell the site as multiple units.
Coapt are delighted to bring this sound investment property to market, and would be delighted to discuss its many merits and the options held for the property.
Holding a national HMO license, and right of use as a C4 dwelling (planning consent for HMO use), the property has been operated as a Student Rental Home for many years. Owing priamarily to its location and size, the house has proved a safe investment, with ease to re-let each year, and the opportunity for annual rental growth. The property is targeting an increase in the region of 12% gross for the upcoming 2024-25 tenancy, in line with overall market growth. Coapt Lettings are forecasting potential further growth, year on year, in the region of 10% per annum, owing to the disparity between student population numbers and private market property availability.
The house offers excellent flexibility, having been well maintained structurally, and with moderate internal specification. This means the property can be bought and held with little major investment needed. However with further investment to modernise, there is further scope to improve the rental return. Due to the property's location and architectural type, with aesthetic improvement the house has potential to be one of the flag ship student HMOs in the city, with rental potential in the region of £56,160 pa.
Unlike most other HMO hot-beds in the city, Hollingbury road retains high property values generally, including for residential (C3 use) properties. This proves further safety of investment, as there are various resale options as a continued buy-to-let, but also as a family home, or options to split the title and sell the site as multiple units.
Coapt are delighted to bring this sound investment property to market, and would be delighted to discuss its many merits and the options held for the property.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
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Property descriptions and related information displayed on this page are marketing materials provided by - Coapt. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Coapt for full details and further information.