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4 bedroom terraced house for sale
St. Mary Magdalene Street, Brighton
£425,000
St. Mary Magdalene Street, Brighton
£425,000
Price History
Initial price | £450,000 |
06/11/24 | £425,000 |
Price Change | -5.56% |
Description
This property is a great investment opportunity, offering a four-bedroom HMO in a prime location near the city center and universities. The three-story townhouse is currently let until 2025 at £2,800 per month, generating an annual income of £33,600. With potential to extend into the loft space, subject to usual consents, there is scope to add two more bedrooms and increase the rental income. The property features a living room, kitchen, and four double bedrooms, as well as a separate WC and shower room. The garden is a spacious 5.7m x 4.5m, providing ample outdoor space. This property would be an excellent addition to a buy-to-let portfolio, offering a strong potential for long-term returns.