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4 bedroom house of multiple occupation for sale
Davey Drive, Brighton BN1
£400,000
Davey Drive, Brighton BN1
£400,000
Our Summary
- The property is presently marketed for the following 2025-26 academic year, though until let, any buyer has the opportunity to request amended terms to a new rental, or post-ponment of re-let if major works are planned
- Subject to any additional planning consent, there may be further development opportunities for the property, owing to a large garden which could accommodate a rear extension and additional bedrooms
Description
Davey Drive is a highly sought-after area for student rentals due to its proximity to Lewes Road, amenities, and travel links to universities and the city center. The 4-bedroom property has consistently let easily and at a rental price higher than the market average, with a current monthly rental of £2,850. The property is currently let on a joint AST until September 2025, but the tenancy is set to expire, allowing the buyer to request new rental terms or postpone re-letting if major works are planned. The property holds a full HMO license and has the potential for further development, including a rear extension and additional bedrooms, but its current configuration as a 4-bedroom student property is already in high demand, offering a lucrative 8.5% gross yield.