Student Let Investment SOLD
Star Property are pleased to have completed the sale of 35 St Martins Place, Brighton, East Sussex a 6x bedroom student let HMO investment for £425,000.
The property is fully let till August 2021 currently producing £39,000 per annum, there has been a lot of uncertainty surrounding the student market place, with increased numbers of units now being provided direct by the local universities which has meant a significant number of buildings have now been sold by private investors who expect that the supply of student properties will exceed the future demand.
However, we are still seeing a good demand for properties like this from buyers, for central positioned properties where the bricks and mortar value does not exceed the investment yield value a purchaser is buying the property for.
Property is still the go to investment for people in times with such low interest rates, coupled with the current low levels of available stock this is meaning that we have an extensive number of investors looking for properties, if you have a property which you are looking to sell and would like to discuss the disposal process then please feel free to contact;
Richard Lowrey or Simon Caplin