The property is 201 square meters, spread over 4 floors, and it features 5 double bedrooms and 3 bathrooms. The property has been rented for the last 14 years, and now the last of the original tenants are moving out, the vendor feels that it was a good opportunity to sell it from our rental portfolio. There are still tenants remaining in the property but notice can be served post-completion.

It has an HMO license, as required by Brighton & Hove. There are 2 reception rooms (an additional 2 bedrooms could be created here), a large kitchen and dining room at the back of the property, which can serve as communal space.

The financials:
▪ Purchase price: £595,000
▪ GDV: £1,010,000
▪ Annual profit: £27,000
▪ ROCE: 65%
▪ Yield: 9%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.