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Property Listing Details

Property details

  • 21 bedrooms
  • 9 bathrooms
  • 3 reception rooms

Features

  • Furnished
  • BN2
  • 4x hmo's - Total of 21 rooms
  • Total Rental income of £125, on 3 ast's
  • Increasing to £132,
  • Freehold

Listing view statistics

Last 30 days: 103 page views

Since listed: 1174 page views

Description

Two spacious 5 storey houses in Kemptown, Brighton, (approximately 3.500 sqft and 4000 sqft) situated on Atlingworth Street just back from the seafront. A wealth of local amenities nearby including bars, cafes and shops make it an incredibly popular student property and each unit has been let continuously to students/sharers for over 20 years.

Each property has been converted into two maisonettes, each with own private entrance:

Property No.1
Comprising of an upper maisonette with 7 bedrooms, lounge, kitchen and 3 bathrooms. A lower maisonette is below comprising of 4 bedrooms, separate lounge, kitchen and 2 bathrooms.

Property No. 2
Adjoining property No.1, comprising of an upper maisonette with 7 bedrooms, separate lounge, kitchen and 3 bathrooms. This upper maisonette also contains an unused store room which could provide an additional bedroom making a total of 8 bedrooms.

Below is a lower maisonette with 3 bedrooms, separate lounge, kitchen and bathroom.

There is further potential to increase the number of lettings rooms to 24, the use of the storeroom in property No. 2 is already approved on the current hmo licence.

The vendor currently lets the two lower ground floor maisonettes under one AST as they interlink. The two maisonettes are on separate ast's. 3 ast's in total with 7 occupants on each. All tenants have provided guarantors. Rental figures, along with suggested figures for the 2020-2021 tenancies are below:

Total Per Annum:

2018-2019: £125,580 - Current Gross Yield - 5.7%

2019-2020: £132,080 +£6,500 - Gross Yield 6%

2020-2021: £147,500 +£9880 - Gross Yield 6.7% (Extended to 22 rooms)

All tenants are responsible for paying their own bills.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Brighton 0.8 miles
  • London Road (Brighton) 1.2 miles
  • Queen's Park Primary School 0.3 miles
  • Brighton College 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Brighton 0.8 miles
  • London Road (Brighton) 1.2 miles
  • Queen's Park Primary School 0.3 miles
  • Brighton College 0.4 miles

Market stats

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  • Energy Not known
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  • Water Not known
  • Council tax Not known

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The Agent

Price history

Sold prices provided by Land Registry
25th Mar 2019 £2,200,000 Price reduced by £300,000
13th Mar 2019 £2,500,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Coapt. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Coapt for full details and further information.