£380,000
5 bed semi-detached house for saleStaplefield Drive, Brighton BN2
5 beds
2 baths
1 reception
EPC Rating: D
- Furnished
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About this property
5 double bedroomed HMO investment opportunity
Refurbishment investment project
Potential for 9%+ yield after refurbishment
Potential to add another bedroom & increase yield
Easily commutable to local universities
2 bathrooms, separate living room and kitchen
Spacious garden looking out to fields
Energy rating: EPC - D
Coapt are pleased to introduce this HMO (House of Multiple Occupation) property which has very good investment potential. It is need of refurbishment and when a project like this is complete, the yield is anticipated to be in excess of 9%. Furthermore, it could be adapted to add an additional bedroom, increasing the yield further.
Situated in Moulsecoomb, it is in a good position to reach both universities and has transport links to reach Brighton City Centre. There are local shops and amenities in closer proximity.
The property is semi-detached with a large area of grass at the front of the house. At the back the garden is adjacent to open fields which enhances the relatively quiet location.
On the ground floor there is a kitchen (with modern kitchen units) next to a separate dining room, which can be used for eating and socialising. On this floor, the property has two generous sized bedrooms and a shower and toilet.
On the first floor there are three further double bedrooms all of which have good views of countryside. There is a main bathroom on this floor and having two facilities in the house will improve the shared living experience to residents.
The property is currently an HMO and offers investors a reliable, attractive yield. It should see consistent long-term growth and it would be an asset to a property portfolio investor. If you are looking for a capital growth project, this one offers real potential.
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