6 Bed HMO, Brighton, BN2 3PD £625,000

Brading Road, Brighton, BN2 3PD - 5 views - 8 months ago
HMO
Inside Article 4
ROI: 3%
~186 m²
Property image

ValuationUndervalued

Sold Prices£347K - £2.8M
Sold Prices/m²£3K/m² - £15.5K/m²

 

 

Square Metres

~186 m²
Price/m²£3.4K/m²

Value Estimate

£781,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Total Cash In

£209,950

 

 

Cash Out

 

Room Rate

£693

Gross Rent

£4,158

Running Costs/mo

£3,593

Cashflow/mo

£565

Cashflow/yr

£6,778

ROI

3%

Gross Yield

8%

Local Sold Prices

26 sold prices from £347K to £2.8M, average is £1.2M. £3K/m² to £15.5K/m², average is £6.2K/m².

Price
Date
Distance
Address
Beds
 
£580K12/230.45 mi83, Hanover Street, Brighton, Brighton And Hove BN2 9SS6
£1.4M01/250.63 mi9, East Drive, Brighton BN2 0BQ6
£630K07/210.79 mi60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA6
£562.5K02/230.8 mi79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB6
£1.7M03/250.81 mi53, Springfield Road, Brighton BN1 6DF6
£580K02/230.82 mi29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ6
£550K06/251.05 mi22, Charles Street, Brighton BN2 1TG6
£522K12/211.06 mi3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE6
£347K01/231.11 mi47, Findon Road, Brighton, Brighton And Hove BN2 5NY6
£400K03/251.17 mi59, Wilson Avenue, Brighton, Brighton And Hove BN2 5PA6
£2.1M06/251.2 mi27, Montpelier Crescent, Brighton BN1 3JJ6
£2.1M06/251.2 mi27, Montpelier Crescent, Brighton BN1 3JJ6
£960K06/211.21 mi5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF6
£1.5M12/211.51 mi15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL6
£1.7M10/231.73 mi53, Roedean Crescent, Brighton, Brighton And Hove BN2 5RG6
£1.1M06/211.77 mi21, Orpen Road, Hove, Brighton And Hove BN3 6NJ6
£1.2M06/231.78 mi11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB6
£1.9M10/241.84 mi19, Surrenden Crescent, Brighton BN1 6WE6
£2.1M11/212.16 mi105, Shirley Drive, Hove, Brighton And Hove BN3 6UE6
£2.7M11/222.18 mi79, Hove Park Road, Hove, Brighton And Hove BN3 6LL6
£875K09/232.18 mi116, The Ridgway, Brighton, Brighton And Hove BN2 6PB6
£525K06/212.35 mi33, Wanderdown Road, Ovingdean, Brighton, Brighton And Hove BN2 7BT6
£2.5M12/242.58 mi7, Dyke Close, Hove BN3 6DB6
£1.4M09/212.81 mi16, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6
£945K06/212.81 mi27, Modena Road, Hove, Brighton And Hove BN3 5QF6
£2.8M07/232.82 mi6, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Listed for £625,000

March 13, 2025

Floor Plans

Property image

Description

  • Investment Opportunity +
  • 6 Bedroom Licensed HMO +
  • Recently Refurbished +
  • Student AST in place until August 2025 +
  • £49,920 PA current rental income +
  • £53,040 PA rental forecast for 2025-26 +
  • Huge 8.5% Gross Yield Potential +
  • EPC: D +
  • Council Tax Bad: C (currently exempt owing to student occupancy) +
  • Asking: £625,000 +

Coapt are delighted to present this unique opportunity to purchase a high returning, low hassle investment property in a sought after location.

Positioned just off of Elm Grove, and adjacent to Hanover, Brading Road has long been regarded as one of the most desirable locations to live in the City, with beautiful architecture, a range of local amenities and easy transport links to the City Centre, and both Universities, the property is amongst the best performers in the student rental market.

As well as its prime location, the property has recently undergone a full refurbishment, featuring a full repaint, new flooring and furniture, and extensive roof works carried out. These works ensure the property not only lets easily and for a attractive rental sum, but remains low maintenance moving forwards. As a result the property is perfect for experienced investors seeking a high returning crown jewel in their portfolio, or first time investors seeking security with guaranteed income, but low hassle and expense.

The property presently has a fixed term student tenancy in place, running until August 2025 and returning £4,160 pcm gross rent. The property has recently been remarketed ahead of the next academic year also, seeking an up-lift, in-line with market growth, to £4,420 pcm for 2025-26.

Brading road further presents security of investment due to being situated in an area of high residential values. Whilst the house is the peak of the student rental market, high local values mean the property retains re-sale options to other markets, including owner-occupiers.

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

Agent Details

Coapt, Brighton

01273 645797

Next Steps?

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