4 bed terraced house for sale

Coombe Terrace, Brighton BN2

This excellent four double bedroom, furnished HMO is in a prime student location on Lewes Road.
Owing to its prime location, this investment property has consistently provided secure and low-hassle income, with large growth in line with local values. The property offers guaranteed long term returns, but with options to further add both capital and rental value.

The property is presently tenanted for the 2024-25 academic year with a single joint AST agreement for four occupiers. This rental returns £2,600 pcm / £31,200 pa providing a gross yield in the first year of 7.8% against the asking price.
A following tenancy has also already been agreed for the 2025-26 acadmic year, meaning garunteed returns until summer 2026. This let is agreed at an increased rental of £2,687 pcm / £32,240 pa.

Coapt have achieved an average rental increase of 12% in the least year for student properties, with similar growth forecast for the next season also. Further to this, the property has potential, subject to obtaining relevant consent, to have a fifth room added. Alternatively, rental return could also be increase with aesthetic improvement to the property.

You enter the property into a welcoming hallway with the capacious, open plan living room immediately to your left. As you continue through the property, the spacious u-shaped kitchen that is fitted with all necessary mod cons and furnished with tasteful units, is in the middle of the property. Adjacent to the kitchen is the well-equipped, communal bathroom, which has a large bath with an overhead shower. At the rear of the property is the first of the four double bedrooms. As with all the bedrooms it is furnished with copious amounts of storage, double beds and a practical work space. On the first floor there are three more double bedrooms.,

The property holds a full HMO license, as well as retaining the right of use as a C4 dwelling, to fulfil local planning requirements. Located at the rear of the property, the house also hosts Solar panels, which are owned outright.