John Hilton & Co says ..
*** IDEAL INVESTMENT OPPORTUNITY *** Four bedroom licensed HMO property which is currently let from 11th September 2024 for 12 months at £2,600 pcm (£31,200 per annum). Great location for student letting in the popular Lewes Road area, convenient for local shops, buses and the universities. T...
Property Oracle says ..
This four-bedroom terraced property in Brighton’s Moulsecoomb and Bevendean area, located on Lewes Road, presents itself as a potential investment opportunity, particularly within the student rental market. Its proximity to the University of Brighton and other educational institutions, coupled with its status as a licensed HMO, makes it suitable for rental income generation. The current listing suggests a strong rental yield with minimal hassle. However, the property’s condition appears to be dated, possibly requiring some modernisation. While the listing price might be considered within the range of comparable properties in the area, the absence of specific property details, such as exact square footage and condition, makes a definitive evaluation challenging. The lack of any outdoor space is a significant drawback. Prospective buyers should carefully assess the property’s condition and rental potential against the asking price, considering any potential renovation costs and the ongoing demands of maintaining a rental property, especially an HMO.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 1
- Sqft (est)
- 911.38
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 374,519.00 £Increased by 2.63 %
- Est sale value
- 390,982.02 £Increased by 4.63 %
- Average area rental value
- 4,035.00 £/moIncreased by 66.60 %
- Est letting value
- 3,645.52 £/moIncreased by 100.00 %
- Est rental Yield
- 12.93 %Increased by 62.44 %
- Crime Rate
- 10.00 %Unchanged by 0.00 %
Agent Activity
John Hilton & Co created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
University Of Brighton | Higher Education Institutions | Good | 0.46 KM |
St Joseph'S Catholic Primary School | Voluntary Aided School | Good | 0.46 KM |
St Martin'S Cofe Primary School | Voluntary Aided School | Good | 0.51 KM |
Coombe Road Primary School | Community School | Good | 0.54 KM |
Fairlight Primary School | Community School | Good | 0.61 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Peace Close | £ 0 | 0 | 0.00 KM |
Saint Leonard's Road | £ 550,000 | 0 | 0.00 KM |
Saint Paul's Street | £ 220,000 | 0 | 0.00 KM |
Saint Helen's Road | £ 0 | 0 | 0.00 KM |
Adams Close | £ 600,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Moulsecoomb | 5312 | MCB | 0.86 KM |
London Road (Brighton) | 5281 | LRB | 1.60 KM |
Brighton | 5268 | BTN | 2.41 KM |
Preston Park | 5285 | PRP | 3.69 KM |
Falmer | 5337 | FMR | 4.60 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Coombe Terrace, Brighton | £ 400,000 | BUY | 5 / 10 | 0.00 KM |
Coombe Terrace, Brighton | £ 400,000 | BUY | 5 / 10 | 0.02 KM |
Riley Road, Brighton | £ 400,000 | BUY | 5 / 10 | 0.13 KM |
Coombe Road, Brighton | £ 465,000 | BUY | 5 / 10 | 0.15 KM |
42 Ewhurst Road, Brighton, BN2 4AJ | £ 275,000 | BUY | 5 / 10 | 0.17 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
12b Coombe Terrace | £ 97,500 | 0.02 KM |
18 Coombe Terrace | £ 305,000 | 0.02 KM |
3 Coombe Terrace | £ 143,251 | 0.02 KM |
41 Coombe Terrace | £ 59,900 | 0.02 KM |
27 Coombe Terrace | £ 265,000 | 0.02 KM |