Six-bedroom HMO producing £3,770pcm (£45,250pa)
A substantial six-bedroom mid-terrace on Lewes Road set up as an HMO and currently producing £3,770 pcm (£45,250 pa). The property is arranged over three floors with a separate living room, modern kitchen and two shower rooms — a straightforward income asset in a popular student corridor.
For an investor seeking immediate rental return, the let until 19/08/25 gives guaranteed income in the short term. The house is well maintained with double glazing fitted post-2002, mains gas boiler and fast broadband and mobile signal — all positives for letability to students or young professionals.
Be clear on the trade-offs: the plot and overall internal size are small for six bedrooms, the area records above-average crime which can affect future rents or management costs, and the solid-brick construction appears to lack cavity insulation (likely needing retrofit to improve energy efficiency). Vacant possession is not available until after the tenancy expiry.
This is best suited to buyers wanting an operating HMO with immediate cashflow or investors prepared to hold until the tenancy ends and to invest modestly in energy upgrades and targeted maintenance to protect long-term value in a strong student rental market.
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