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6 bed terraced house
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Description
The property is a high-returning, low-hassle HMO located in a sought-after area of Central Brighton, off Elm Grove and adjacent to Hanover. It has recently undergone a full refurbishment, featuring a repaint, new flooring, and extensive roof works. The property is positioned in a prime location with easy access to the City Centre, universities, and local amenities, making it ideal for student rentals.
It currently has a fixed-term tenancy in place until August 2028, generating £40,500 per annum gross rent (a 7% yield). The property also has the potential to achieve higher returns as a student let and retains resale value due to its location in an area of high residential values.