Hollingbury Road, Brighton
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- 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
Description
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.
Brochures
Full Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Hollingbury Road, Brighton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- London Road (Brighton) Station0.4 miles
- Moulsecoomb Station0.7 miles
- Brighton Station1.0 miles
About the agent
Coapt, Brighton
159-161 Lewes Road, Brighton, BN2 3LF
As Brighton-based property experts specialising in student accommodation and buy-to-let investments, we know what our landlords want. Through industry insight, portfolio management and plans for growth, we can help you to achieve your property ambitions now and for the future.
Industry affiliations
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Visit our security centre to find out moreDisclaimer - Property reference 10498353. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Coapt, Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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