Property photos
Freehold
£430,000
4 bed semi-detached house for sale
The Avenue, Brighton BN24 beds
1 bath
2 receptions
EPC rating: C
Key Information
Tenure:
Freehold
Council tax band:
C
Local area information
Property location
Nearby amenities
- Moulsecoomb 0.3 miles
- Moulsecoomb Primary School 0.4 miles
- Coombe Road Primary School 0.4 miles
- London Road (Brighton) 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Part furnished
- Freehold
- 4 Bedroom HMO
- Options to add fifth room
- Freehold
- Chain Free
- Let Agreed Until Aug 2025
- Right of use as a C4 dwelling
- £29,124 Rental pa
- £49,140 Rental Potential pa*
- Potential 11%+ Gross Yield pa on Purchase Price
- EPC: C
Located just a 6 minute walk from Brighton University's Moulscoomb Campus, and geographically positioned halfway between the University of Sussex and Brighton City Centre, this 4 bedroom HMO holds a commanding and lucrative position in the Student rental market.
This investment property promises immediate return on investment with an AST in place and agreed for the 2024/25 academic year. This rental is agreed to return £2,427 pcm. Due to its attractive position, the property is expected to achieve continued and significant rental growth in the following years, forecasted to be in the region of 10% per annum, in line with wider market growth. However, owing to the property's current configuration, there are a myriad of options to add value to the house, to grow both the rental income and capital value.
Options to extend the property are varied. Presently there is a second reception room on the first floor, which if expanded by a small degree can be utilised as a fifth bedroom. This minor work can grow the rental value of the property by a large degree, producing a rental return in excess of 8.5% gross. The property also benefits from a large rear garden. It has been a common model for other HMO properties in the area to utilise this space, with the common approach to add a further two bedrooms with a shower room as a rear single story extension, subject to planning consent.
This investment holds the luxury of flexibility. In its current set up and configuration, the property continues to prove a safe and low hassle investment, renting year on year with consistent growth. Equally the options for development means the site holds huge potential for investors looking to maximise rental returns, whilst also adding value to the property for later re-sale for re-finance.
As well as its location, the property further benefits from a private off-road driveway, an expansive rear garden with side access, and a newly fitted shower with aqua panels.
*Please contact Coapt to discuss options for the extension or development of the property, the anticipated cost, and potential rental figures as a 4,5,6 or 7 bed HMO.
This investment property promises immediate return on investment with an AST in place and agreed for the 2024/25 academic year. This rental is agreed to return £2,427 pcm. Due to its attractive position, the property is expected to achieve continued and significant rental growth in the following years, forecasted to be in the region of 10% per annum, in line with wider market growth. However, owing to the property's current configuration, there are a myriad of options to add value to the house, to grow both the rental income and capital value.
Options to extend the property are varied. Presently there is a second reception room on the first floor, which if expanded by a small degree can be utilised as a fifth bedroom. This minor work can grow the rental value of the property by a large degree, producing a rental return in excess of 8.5% gross. The property also benefits from a large rear garden. It has been a common model for other HMO properties in the area to utilise this space, with the common approach to add a further two bedrooms with a shower room as a rear single story extension, subject to planning consent.
This investment holds the luxury of flexibility. In its current set up and configuration, the property continues to prove a safe and low hassle investment, renting year on year with consistent growth. Equally the options for development means the site holds huge potential for investors looking to maximise rental returns, whilst also adding value to the property for later re-sale for re-finance.
As well as its location, the property further benefits from a private off-road driveway, an expansive rear garden with side access, and a newly fitted shower with aqua panels.
*Please contact Coapt to discuss options for the extension or development of the property, the anticipated cost, and potential rental figures as a 4,5,6 or 7 bed HMO.
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