Terraced house for sale in Ladysmith Road, Brighton BN2

£500,000
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Terraced house for sale - 5 bedrooms

5 3 2

Tenure:
Freehold
Council tax band:
C

Property features

  • 5/6 Bedroom HMO
  • High Quality, Low Risk Investment
  • Tenancy secured until Summer 2025
  • 2024-25 Rental of £38,700 pa
  • 7.7% Gross Yield pa
  • Prime Student Rental Location
  • Continued C4 Usage
  • Council Tax Band: C
  • EPC: C
  • £500,000

Property description

The house has a very sunny aspect, facing south at the back, with views from the upper windows to the sea. It is very convenient to all amenities and transport links, and offers fully modernised and furnished accommodation on three floors.

Full range of appliances, incl a large larder fridge and freezer plus fridge/freezer, washing machine and tumble drier. Kitchen/diner and lounge. All rooms have double beds. Stained and varnished wooden floors throughout.

The property was acquired by the present landlords in 2008 and after full refurbishment, with modernised bathroom and fitted bedrooms, it proved an immediate success with student groups, for which it has operated as an annual let for more than 12 years, acquiring its licence in 2013.

This is a popular house with larger groups, which has never failed to let - including throughout the pandemic. There is a referenced and guaranteed student group contracted for the academic year 2024-25.

This house in Ladysmith Road offers:

5/6 double bedrooms; all fully furnished with mostly fitted furniture for student purposes, and most with vanity unit and basin

Open plan dining/workspace area with separate kitchen

Separate TV room/lounge

Three shower rooms

Large rear garden

Gas fired central heating

Washing machine, tumble drier in separate laundry beside the kitchen

Well-lit cafe-style work area with stools in the lounge

The house is just 10-15 minutes walking distance to the University of Brighton Moulsecoomb campus. Lewes Road buses to University of Brighton and Sussex University’s Falmer campus, together with shops and services at the Gyratory, are a few minutes away, in an area popular with students. Such houses are in short supply: No new licences are being granted in the Lewes Road area, without planning permission.

Property info

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Coapt, BN2 on +44 1273 083242 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Coapt, and do not constitute property particulars. Please contact Coapt for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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