5 bedroom house for sale

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5 bedroom house for sale

Elm Grove, Brighton BN2
£550,000

Our Summary

  • 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 offers a perfect blend of comfort and convenience for students and professionals. The property features five generously sized bedrooms, two modern tiled shower rooms, and a well-equipped kitchen with ample space for cooking and meal prep. The outdoor patio garden provides a peaceful retreat, and the property's location in the vibrant Elm Grove neighbourhood offers easy access to local amenities, parks, and transport links, including buses to the city centre and universities. With a current rental income of £3,200 per month (£38,400 annually) and a sale price of £550,000, the property delivers a solid 6.9% yield, making it an attractive investment opportunity. The area is popular with students and professionals alike, and with the potential for rental increases, the property's yield is expected to rise to an impressive 7.6% next year.
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