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5 bedroom terraced house for sale

Carlyle Avenue, Brighton

Sold STC £425,000

Property Description

Key features

  • Excellent Buy-to-let opportunity
  • Currently generating a gross rental income of £1993pcm until August 2017
  • Good potential to extend to a 5 bedroom STNC
  • Good presentation throughout with modern kitchen and 2 bathrooms
  • Prime student location

Full description

ATTENTION INVESTORS. MTM Sales and Lettings are delighted to offer for sale this ideal 5 bedroom buy-to-let investment property. The house is located in a prime student letting area on Carlyle Avenue near Lewes Road in Brighton within walking distance to Brighton University Moulsecoomb campus and transport links to the University of Sussex and city centre.

The property is in excellent condition throughout and currently tenanted until August 2017 generating £23,916pa in rental income and producing a 5.4% yield. ?Within the property is a bedroom marginally below minimum size requirements for HMO purposes, however this could be enlarged with ease (STNC), to bring this room back into use. This would create a total of 5 double bedrooms which we would expect to achieve an increased rental figure in the region of £28,600 per annum, generating a gross yield of 6.5%. The property has further potential to be extended to the rear, STNC.

Early viewing is essential to avoid disappointment as this property is likely to be very popular given the attractive price and quality of presentation.

GROUND FLOOR

Porch
Steps lead up to uPVC door leading in to lobby and second wooden door with obscure glass

Entrance Hall

Stairs, door to:

Bedroom 3.85m (12'8") x 3.38m (11'1")
Double glazed window to the front, skirting surround, radiator, wooden flooring.

Dining Room 3.19m (10'6") max x 3.13m (10'3")
Single glazed wooden doors and window to rear in to utility area, skirting surround, smoke alarm, picture rails, wooden flooring leading into kitchen.

Kitchen 4.53m (14'10") x 2.66m (8'9")
Double glazed window to the rear, white sink with a mixer tap over, range of matching wall and base units including breakfast bar area, solid wood work tops, built-in double oven and gas hob, washing machine, space for fridge/ freezer.

Conservatory
Window to rear, door.

FIRST FLOOR

Stairs, door to:

Bathroom
Low level WC, wash hand basin with taps, bath with a hot and cold tap, double glazed frosted glass window to the rear.

Bedroom 3.85m (12'8") x 3.27m (10'9")
Skirting surround, double glazed bay window to the rear, radiator.

Bedroom 3.85m (12'8") x 3.23m (10'7")
Bay window to front, stairs.

Bedroom 2.04m (6'8") x 2.00m (6'7")
Window to front.

SECOND FLOOR

Shower Room
Window to rear, door to:

Skylight, door to:

Bedroom 4.89m (16'1") x 3.85m (12'8")
Window to rear, skylight.

More information from this agent

Listing History

Added on Rightmove:
25 August 2016

Map & Street View

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