6 Bedroom HMO East Sussex31108£430,000Longstone Road Eastbourne East Sussex
- • Licensed HMO
- • Six Bedrooms
- • Town centre location
- • Close to train station
A licenced 6-bedroom HMO which is currently producing a net annual rent of £23,100. It is rented to an individual who sublets to students – an agreement which runs until July 2024. At that time, the agreement could be renewed, or the buyer could let on a room by room basis which should produce an estimated gross rent of approximately £43,000.
The HMO is located in Eastbourne town centre. Eastbourne has a population of more than 100,000 and contains a full range of shopping and leisure amenities. Recent census information shows the average age of residents decreasing as the town has attracted student, families and those commuting to London and Brighton. The town has good transport links with rail connections to London, Gatwick Airport, Brighton, Hastings and Ashford International. It is also served by the A22 road which gives access to the M25.