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5 bedroom house for sale
Elm Grove, Brighton
£550,000
Elm Grove, Brighton
£550,000
Our Summary
- Property Income - This property offers an attractive investment opportunity with a current rental income of £3,200 per month (£38,400 annually) and a sale price of £550,000, delivering a solid 6
- With the potential for rental increases, next year’s projected rent is £3,500 per month (£42,000 annually), raising the yield to an impressive 7
Description
This spacious five-bedroom HMO in Brighton's Elm Grove is an ideal investment property, generating £3,200 per month (£38,400/year) with a 6.9% yield. The property offers comfort and convenience for students and professionals, with five generously sized bedrooms, two modern tiled shower rooms, and a well-equipped kitchen. The property also features a charming patio garden, providing a peaceful outdoor retreat. Located in the vibrant Elm Grove neighbourhood, the property is close to local amenities, parks, and transport links, with easy access to Brighton's city centre and universities. With the potential for rental increases, the projected rent for next year is £3,500 per month (£42,000 annually), raising the yield to an impressive 7.6%. This property offers a strong return on investment, combined with its desirable location and high demand, making it a smart addition to any investor's portfolio.