Situated on Upper Lewes Road, near the junction with Ditchling Road, this attractive five bedroom HMO is perfectly located for rental to students and professionals alike. In the heart of one of the most desired location for Students, this property overlooks a lawned area and is where ULR opens out at the junction with Viaduct & Ditchling Road and is also located close to London Road and The Level, meaning it lets easily every academic year.
The property is let agreed for the present and next academic year, and is of good spec ensuring little ongoing maintenance is needed. Holding an EPC rating of C, the house is also protected against upcoming legislative changes, ensuring this well proportioned house makes for a secure and high yielding investment, promising low hassle management and security of ongoing rental potential.
Owing in part to its great location, the property has for many years performed well in the student rental market. As well as great proximity to the city centre, there are strong travel links with buses to the University Campuses within easy access. The most recent and present rental agreed on the property covers the current academic year, with a fixed end date of August 2026. This AST returns a rental of 3185 pcm, offering a gross yield of 7.5% in the first year and the potential of future growth for improved returns.
Also appealing is the exit strategies held by this asset, which holds good value as a residential home, and has the potential to be title-split, meaning a range of buyer demographics and versatility in any future sale. Though in recent years the site has been used purely for student tenancies, the house is expected to perform equally well in the residential or professional sharers rental markets. This flexibility of let type offers peace of mind and robustness against changing marketing conditions with the ability to capitalise on new markets if required.
Holding the required BHCC HMO license for five unrelated occupiers, evidence of 10 years of continuous use as an HMO and with a lucrative ongoing rental already in place, this property will appeal to first time investors and portfolio Landlords alike.
Disclaimer: Coapt Ltd make every effort to ensure the accuracy of advertised information, but are often reliant on third parties to acquire this. Where any details contained on this listing are of priority to you we advise speaking to one of our agents to confirm formal details, and also referring to and reading any tenancy agreement issued in relation to this property. Any tenancy agreement entered into is subject to contract, and the terms of this contract only. Some properties are marketed with bedding/furnishings that are not included when you move-in. Where locks are visible on bedroom doors, this does not guarantee the lock is functional or that keys are provided by the Landlord. Please speak to one of our team should you have any questions, Please note that bedding and other property dressing may be shown in marketing images, but these items are not included as part of the property. For formal confirmation on the provisions of the property, such as furniture items, if listed as furnished, please do speak to one of our agents. Some of our photos may have been amended by AI.
EPC Rating: C