7 Bed HMO, Brighton, BN2 3ER £615,000

Bernard Road, Brighton, BN2 3ER - 6 views - 8 months ago
Sold STC
HMO
Inside Article 4
ROI: 5%
~114 m²
Property image
Property image

ValuationUndervalued

Sold Prices£900K - £2.8M
Sold Prices/m²£4.8K/m² - £9.2K/m²

 

 

Square Metres

~113.75 m²
Price/m²£5.4K/m²

Value Estimate

£650,465
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£153,750

Stamp Duty & Legal Fees

£52,700

Total Cash In

£206,450

 

 

Cash Out

 

Room Rate

£650

Gross Rent

£4,550

Running Costs/mo

£3,730

Cashflow/mo

£820

Cashflow/yr

£9,839

ROI

5%

Gross Yield

9%

Local Sold Prices

9 sold prices from £900K to £2.8M, average is £1.5M. £4.8K/m² to £9.2K/m², average is £5.7K/m².

Price
Date
Distance
Address
Beds
 
£1.4M02/251.77 mi34, Wilbury Crescent, Hove, Brighton And Hove BN3 6FJ7
£1.4M06/251.86 mi32, Wilbury Villas, Hove BN3 6GD7
£1.4M06/251.86 mi32, Wilbury Villas, Hove BN3 6GD7
£1.8M06/212 mi44, Withdean Road, Brighton, Brighton And Hove BN1 5BL7
£1.7M06/212.05 mi103, The Drive, Hove, Brighton And Hove BN3 6GE7
£2.8M08/232.12 mi20, Wilbury Gardens, Hove, Brighton And Hove BN3 6HY7
£900K06/212.21 mi55, Old Mill Close, Brighton, Brighton And Hove BN1 8WE7
£1.5M03/232.57 mi101, Pembroke Crescent, Hove, Brighton And Hove BN3 5DE7
£1.9M12/222.96 mi65, New Church Road, Hove, Brighton And Hove BN3 4BA7

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £615,000

March 13, 2025

Floor Plans

Property image

Description

  • Investment Opportunity +
  • 7 Bedroom Licensed HMO +
  • Future Proof Property +
  • Current Student Tenancy in Place +
  • Let Agreed for 2025-26 Academic Year Also +
  • £54,600 PA Rental Income +
  • Huge 8.9% Gross Yield Potential +
  • EPC: C +
  • Council Tax Bad: C (currently exempt owing to student occupancy) +
  • Asking: £615,000 +

Coapt are pleased to present this substantial, high returning, future proofed investment property

Presently tenanted with student occupiers, with a subsequent let agreed ahead of the 2025-26 academic year, the property has guaranteed and lucrative income assured through to summer 2026. The gross rental return at £4550.50 pcm produces an unprecedented 8.9% gross yield in the first year, with future rental growth forecast. Further to this, by already possession an EPC rating of "C" the property is protected from the looming rise of minimum ratings, saving future expense which many other investment properties will suffer.

Perfectly located just off of Elm Grove, Bernard Road is one of the most sought after parts of the City, This, combined with the property's neat presentation and offerings ensure the house is amongst the top performers in the local student rental market. The property offers stress free rental each year, with continued rental growth in-line with market conditions. Further to this, owing to its appeal to a range of demographics, the property retains high value, and thus additional re-sale options to a range of markets, including owner-occupiers. This ensures an easy and high value exit strategy if required.

For further details, please contact our specialist HMO Sales team.

Agent Details

Coapt, Brighton

01273 645797

Next Steps?

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