For SaleInvestment

Wilbury Avenue, Hove - PS&B Property Experts

Hove, BN3 2PJ

Wilbury Avenue, Hove - PS&B Property Experts
Price
£650,000
Listed
1 month ago

Property Description

For Sale by Auction on the 29th April 2026THIS PROPERTY HAS BEEN SOLD PRIOR TO AUCTIONFreehold investment opportunity comprising of a 8-bedroom HMO, with the added benefit of two ground-floor flats that have been sold off on long leases. The property is situated on Wilbury Avenue, a highly sought-after location known for its strong rental demand and excellent connectivity.Ideally positioned, the property offers immediate access to Hove Station, providing convenient rail links, as well as a variety of local bus routes serving the wider city and surrounding areas. This prime location makes it particularly attractive to tenants, ensuring consistent occupancy levels and ease of letting.The HMO is currently generating an annual rental income of approximately £62,000, presenting a compelling investment with a potential gross yield of around 9.5%. With its combination of strong income, desirable location, and long-term investment stability, this property represents an excellent opportunity for investors seeking a high-performing asset in a well-connected urban area.Please note fees are payable in respect of the sale of this property, please refer to Auctioneer for details.ALL MEASUREMENTS ARE APPROXIMATE WHILST FLOORPLANS ARE FOR ILLASTRATIVE PURPOSES ONLY WITH NEITHER TO BE RELIED UPON IN RESPECT OF THEIR ACCURACY.
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