This 7 bedroom HMO is located on Stanmer Villas in Hollingdean and is current let until August 2021 for £3580pcm and £42960 per annum. This currently achieves a 6.87% yield.
The house is over 4 floors and upon entrance there are two double bedrooms as well as the first shower room which consists of a shower, W.C and wash basin. On the lower ground floor is the large kitchen with a range of appliances and space for a large dinning table as well as access to the garden and the storage room which is currently being used a living room by the current tenants. The storage room currently does not have any natural light but with some alterations it would be a wonderful living space for any tenants.
On the first floor there are an additional 3 double bedrooms and the second bathroom which consists on a shower over bath, W.C and a wash basin. The top floor consists of the last two bedrooms. All rooms have a double bed, a desk, clothes storage and a sink.
The house is popular with students as it benefits from free on-street parking as well as being close to a bus stop that you can get the 50 and 50U buses to both universities.