This property is for sale by Modern Method of Auction powered by iamsold LTD.

Nestled in the heart of Portland Road, this property enjoys an unrivalled location that has consistently attracted substantial rental demand. The proximity to the city centre and its popularity among students make it a prime choice for tenants, ensuring a steady stream of applicants and allowing landlords the luxury of tenant selection.

Accommodation & Tenancy Schedule
HMO Studio 1: Let at £695 PCM
(Ground floor)
Reception room, open plan kitchen
EPC Rating: E

HMO Studio 2: Let at £675 PCM
(Ground floor)
Reception room, open plan kitchen
EPC Rating; E

HMO Studio 3: Let at £675 PCM
(First floor)
Reception room, open plan kitchen
EPC Rating: C

HMO Studio 4: Let at £675 PCM
(First floor)
Reception room, open plan kitchen
EPC Rating: E

HMO Studio 5: Let at £750 PCM
(First floor)
Reception room open plan kitchen
EPC Rating: E

HMO Studio 6: Let at £650 PCM
(Second floor)
Reception room, open plan kitchen
EPC Rating: E

Flat 7: Let at £900 PCM
(Second floor)
Reception room, open plan kitchen, one bedroom & bathroom room
EPC Rating: D

Total current annual rental income £60,020

Rents are inclusive of water rates, and exclusive of council tax and electric utilities.
Each unit has its electric meter. The property's strategic location and high-quality finish position it for continued growth in rental returns, aligning with broader market trends.

Unlike many HMOs in the city, the architectural design of this property allows it to retain its full value even if reverted to a family home for sale. This unique feature provides flexibility for landlords, offering security and exit options if needed.

This HMO not only promises excellent current returns but also positions itself as a long-term investment with potential for both rental and capital value growth. The solid rental history, combined with the upcoming rental season and projected growth, makes this property a compelling choice for investors seeking stability and profitability.

In summary, this seven bedroom HMO on Portland Road stands as a testament to prime location, guaranteed returns, and future growth potential. Whether you're a seasoned landlord looking to boost your portfolio or a first-time investor seeking a secure venture, this property is your gateway to a successful and rewarding investment in Brighton's thriving real estate market.

Act now to secure your place in this unparalleled investment opportunity.

Train Station: Hove 0.5 miles
Council Tax: Band E

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

This property is no longer available

Photos

7 bedroom semi-detached house for sale