Brighton, BN1 9ED | Investment Property for Sale | VES-BN1-001

Semi-Detached HMO in Brighton generating £45,240 in rent per annum & a gross yield of 7.9%

£575,000

HMO Semi-Detached House

VES-BN1-001

INITIAL INVESTMENT

£269,400

GROSS RENT / YIELD

£45,240 / 7.9%

NET RENT / YIELD

£34,748 / 6.0%

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The property

TENANCY

Vacant

TENURE

Freehold

6 bedrooms

3 bathrooms

1 reception room

TBC

Fully Furnished

Property information

  • Bills are paid by the tenants in a utilities package
  • 6-bedroom HMO, all double rooms
  • Recently refurbished and decorated to a high standard
  • The kitchen/sitting room comes with a 40'' tv
  • There is 350MGPS Virgin broadbrand within the property (fastest fibre optic available)
  • Landscaped low maintenance garden
  • Parking next to the house
  • Designed to be a 'all utilities included' property
  • Approved C4 planning in place
  • Meets HMO licence requirements
  • All building regulations/fire/electrical certificates and approvals available upon request

Rental income and cost information

  • Expected rent per room per week is £145
  • Expected monthly rent on fully let basis is £3,770
  • Utility costs are calculated as £15 per room per week, paid by each tenant

Refurbishment works included:

  • Sound-proofing of party walls and between rooms
  • New roof, felted and tiled plus new leadwork
  • Brand new kitchen, bathrooms
  • Brand new walls, ceiling and pipework to the house
  • Full certified re-wire (Part-P certified)
  • Brand new boiler with 10-year guarantee
  • Suited locks

Additional services available:

  • Guaranteed rent for 2 years
  • Managment and maintenance package
  • Option to purchase furtniture/white goods etc

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£45,240

Equivalent of £3,770 per calendar month (PCM).

GROSS RENTAL YIELD

7.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£34,748

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.0%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£10,492

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Brighton, East Sussex

  • Brighton is a seaside resort on the south coast of England that is part of the City of Brighton and Hove, located 47 miles (76 km) south of London.
  • Brighton’s location has made it a popular destination for tourists, renowned for its diverse communities, quirky shopping areas, and large cultural, music and arts scene.
  • That reputation makes the city a highly desirable place to live and work, businesses sitting right on the doorstep of the iconic Laines, hundreds of independent cafes and restaurants, and – of course – a pebbly beach that attracts more than 11 million visitors each year.

Property

  • Average property prices are £306,542 (+1% 12-month change) and vary depending on type and size, from £178,042 for a 1-bed flat to £666,640 for a 5-bed detached. On average there has been 1,031 properties sold per month.
  • Average rents are currently £1,024 (+1% 12-month change) and vary depending on type of size, from £796 for a 1-bed flat to £2,441 for a 5-bed detached property.
  • Based on market activity and stock; it is estimated that the proportion of people renting is 57% and c. 381,000 dwellings.
  • A vast amount of the residential area consists of regency and period buildings many of which have been modernized to a high standard however you can also find updated new builds in and around the area.
  • Due to its large volume of students, Brighton boasts a large buy-to-let market and was named the best place for the fastest-growing buy-to-let yields in the UK in 2014.
  • Brighton has also featured prominently in The Telegraph’s “best commuter hotspots near London" to invest in buy to let property.
  • The average price of a home is 13.7 times the average salary (according to a 2017 Centre for Cities Report) and it is estimated a need for 13,200 homes by 2030.
  • There is a shortage of building land in the city centre and there’s only a handful of new homes on offer albeit some major projects on the cards, including a £100 million redevelopment of the former American Express HQ and The Art Deco cinema.

Population

  • Brighton and Hove has a population of 288,000 and a wider conurbation of 474,000.
  • Brighton has grown into a diverse city well known for its cultural arts and music scenes, quirky shopping areas and a large LGBT population which led to its recognition as the unofficial gay capital of the UK.
  • Brighton attracts 11 million visitors each year and 4.9 million overnight visitors, and is the most popular seaside destination in the UK for overseas tourists.

Business / Economy

  • Brighton & Hove is one of the most entrepreneurial cities in the country with 90.5% of businesses as micro with only 0.2% large or international businesses including American Express, Paxton Access, Brandwatch, The Student Room and Higgidy Pies.
  • Brighton had the fourth highest number of businesses per 10,000 population in England (453 businesses).
  • The Public sector (Council, police, hospitals etc) is the biggest part of the city’s £7.1bn economy, employing over 46,000 people (33% of all employment), followed closely by the financial services sector (20%)
  • Recently, Brighton and Hove’s digital economy has been valued at over £1 billion per annum. Equal to tourism in its value (15% of employment)
  • Brighton is now what’s termed a digital cluster meaning it’s a focal point for the industry nationwide and is attracting both investment and talent to the region.
  • Much of the credit can be attributed by Wired Sussex, one of the first not-for-profit business support providers to digital companies in the south-east. In addition to this ground-breaking company, the presence of two sizeable universities have also been cited as a key to the city’s growth.

Schools

  • The University of Brighton is ranked in the UK’s top 25% of universities for world-leading research.
  • 100% of Secondary Schools are currently judged as good (against 75% nationally) and 92% of primary schools are either good or outstanding (against 87% nationally) and 49% of the population have a degree or above, compared to 38% of the South East.

Connectivity

  • It is estimated that 11,976 commuters travel the 65 minute train journey into London.
  • Brighton has linked with Gatwick airport via rail and Heathrow by road.

Beatty Avenue,

Brighton,

Brighton and Hove,

England,

BN1 9ED

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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