£1,025,000

Gross Yield: 7%

House of Multiple Occupation

Lansdowne Place

2d, Lansdowne Place, Hove, East Sussex, BN3 1HG

Lansdowne Place is a prominent address in Hove just seconds from the sea front and withing close walking distance to all of the amenities locally and 2d Lansdowne Place offers superb HMO accommodation to local tenants looking for a quality place to stay in the heart of the action. With 8 bedrooms set across 5 floors, with 8 shower room facilities and stylish designed interiors, the property generates £72,000 PA based on each room achieving £750 PCM.

A £120,000 renovation has just been completed so the new owner can enjoy and fully refurbished, low maintenance investment which is under management by an excellent local operator.

The accommodation comprises of;

Basement - Laid out as the kitchen and living/communal area with a stylish 'boutique' feel to target the local rental market.

Ground Floor - Bedroom 1, a 7.6 sqM 'off-suite' bedroom (currently down as a living room) and bedroom 2, a 9.6 sqM en-suite bedroom

First Floor - Bedroom 3, a 10 sqM en-suite bedroom and Bedroom 4, a 9.8 sqM en-suite bedroom

Second Floor - Bedroom 5, a 7.6 sqM en-suite bedroom and Bedroom 6, a 9.9 sqM en-suite bedroom

Third Floor - Bedroom 7, a 7.7 sqM en-suite bedroom and Bedroom 8, a 11.1 sqM en-suite bedroom

We have the full schedule of works from the developer and we can engage serious buyers with the local managing agent to discuss the ongoing running of the properties.

The income for 2d Lansdowne Place is based on £750 PCM x 8 bedrooms (please note the planning application for the 8th bedroom is still pending and the property will be sold once approved)

£72,000 PA Gross Income

Running Costs expectations are £15 per room, per month (excluding Council Tax)*

Council Tax Annual cost £2,714.15

*As the property is currently being tenanted for the first batch of residents, the exact running costs will be provided in due course

Income

The income for 2d Lansdowne Place is based on £750 PCM x 8 bedrooms (please note the planning application for the 8th bedroom is still pending and the property will be sold once approved)

£72,000 PA Gross Income

Running Costs expectations are £15 per room, per month (excluding Council Tax)*

Council Tax Annual cost £2,714.15

*As the property is currently being tenanted for the first batch of residents, the exact running costs will be provided in due course

Features

Newly Refurbished

Premium HMO Investment

£72,000 PA Gross Income

8-Bed All En-Suite HMO

Sui-Generis Planning Class

Sea Views and Highly Popular Area

2% + Vat Buyer's Fee

Buyer's Fee

2% + Vat Buyer's Fee

Additional Details

  Property ID: 17616801
  Price: £1,025,000
  Property Type: House of Multiple Occupation
  Bedrooms: 8
  Bathrooms: 8
  Receptions: 1