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Brighton HMO Houses

Brighton

Location

6.6%

NET Yield

£575,000

Prices from

Brighton HMO Houses

Fresh Invest is delighted to release a selection of high spec, fully furnished HMO Houses located around Brighton.

  • 5-6 Bed HMO Houses
  • Annual NET Yield up to 7%
  • Full Furniture Pack Included
  • High Demand Student Locations
  • Opportunity to Invest in the “Coolest City in UK”
  • Prices from £575,000

More Information

THE INVESTMENT

An opportunity to purchase newly refurbished student HMO’s. The properties have had a complete, ground up, structural refurbishment and been designed and built as a turn-key high yield HMO.

Sourcing, Purchasing, Converting and Managing an HMO is a laborious project and one which should only be undertaken by professionals. By working with our investors we have structured an investment in high yielding HMO houses in significant growth areas.

All of our houses will be sold fully refurbished with a full furniture pack included.

THE AREA

Brighton is a seaside resort on the south coast and is part of the city of Brighton and Hove, located 47 miles 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.

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.

In a survey by accommodation providers Student Living by Sodexo, Brighton was ranked the happiest city in England for students, with 93% of University of Sussex and University of Brighton students surveyed saying they’re ‘very happy’ with their education and city life.

 

FINANCIAL EXAMPLE (Hornby Road)

  • Purchase Price – £575,000
  • Average Monthly Rent/Room – £628
  • Total Average Monthly Rent – £3,771
  • Gross Income – £45,250
  • Costs Per Annum – £7,028
  • NET Income – £38,222
  • Gross Yield – 7.9%
  • NET Yield – 6.65%

COST BREAKDOWN

  • Letting Fee’s (6%) – £2,715
  • Inventories – £450
  • Building Insurance – £400
  • Safety Certs – £150
  • Cleaning – £750
  • Gardening – £400
  • TV & Internet – £463
  • Maintenance – £1,000
  • Sinking Fund – £700

RELEVANT BLOGS

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