Lot 5 - 18 Southview Close, Southwick, Brighton, East Sussex, BN42 4TX

  • Unconditional Online Auction Sale
  • Guide Price* : £420,000+
  • Bedrooms: 6
  • Bathrooms: 5
  • Reception Rooms: 1

A fully tenant six bedroom, five bathroom HMO let to working professionals producing £52,116 per annum

Description

• Freehold mid-terrace house
• 6 bedroom, 5 bathroom fully tenanted HMO
• Communal kitchen with breakfast bar and reception room
• Fully refurbished to a high standard throughout, including installation of a megaflo system and new boiler
• Landlord controlled Inspire heating controls have been installed and high quality Environvent fans throughout
• Benefits from a rear garden, with a shed for bike storage
• Private parking at the front of the property and ample on street parking
• Impressive gross yield of 12.4% on guide
• Fully managed HMO in a prime location
• Current rental income of £4,343 per month / £52,116 per annum

Location

Situated on the well-connected Southview Close in Southwick, forming part of Brighton, the property benefits from convenient access via the A27 and A23. Providing direct routes to Hove, Shoreham-by-Sea and Brighton city centre. The area is regarded as a safe and desirable residential location and has demonstrated strong and consistent rental demand. Set within close proximity to Southwick Green and Southwick Square, it is near a range of local amenities including shops, cafés, schools and parks, with Holmbush Shopping Centre also less than a mile away. The presence of well-regarded schools, community facilities and nearby employment hubs further enhances its appeal to tenants.

There are regular bus services to Brighton, Hove and Shoreham with a bus stop conveniently located to the rear of the property. By car, Hove and Shoreham can be reached in 10 minutes and Brighton in 20 minutes.

Transport links are provided by Southwick Rail Station.

HMO Compliance

- HMO Licence
- EICR
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Gas Safety Certificate

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 First HMO room with access to communal kitchen, reception room and shared bathroom 6 month AST starting from 9th April 2024 £8,436
2 First HMO room with access to communal kitchen, reception room and shared bathroom 6 month AST starting from 15th August 2024 £8,688
3 First Ensuite HMO room with access to communal kitchen and reception room. This room also has access to its own private south facing balcony 6 month AST starting from 21st December 2020 £9,072
4 Second Ensuite HMO room with access to communal kitchen and reception room 6 month AST starting from 26th February 2025 £9,300
5 Second Ensuite HMO room with access to communal kitchen and reception room 6 month AST starting from 22nd March 2025 £8,340
6 Second Ensuite HMO room with access to communal kitchen and reception room 6 month AST starting from 13th April 2024 £8,280

Vendors Solicitor
Sham Michael
02032920669

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Financing

Looking to purchase at auction but need the right finance in place? We’ve partnered with Roma Finance to help our buyers secure fast and flexible funding solutions tailored for HMOs.

Get in touch with Roma Finance today to explore the best financing options for your next HMO purchase

HMO X - Roma Finance

Vendors Solicitor

Sham Michael
02032920669

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