Guide price £450,000 - £475,000
Milner Road was acquired by the present landlords in 2001 and having previous let to working groups, it has operated as an annual let for student groups for more than 10 years, acquiring its licence in 2013.
This is a favoured house, which has never failed to let - including throughout the pandemic - and after a brief changeover void in summer 2022, it already has a referenced and guaranteed student group contracted for the academic year 2022-23 at £31,196.04 with bills included.
The house is 10 minutes walking distance to the University of Brighton Moulsecoomb campus and to Lewes Road buses to University of Brighton and Sussex University’s Falmer campuses, together with shops and services at the Gyratory, in an area popular with students. Such houses are in short supply: no new licences are being granted in the Lewes Road area, without planning permission.
This brick-built Edwardian property was fully renovated by the present landlords, with damp proofing, a new bathroom, a new boiler, considerable rewiring throughout and a new consumer unit, a new kitchen, pointing of external brickwork etc and has been well-maintained since. As well as meeting all statutory requirements such as smoke alarms and fire door, a number of further improvements have been made to suit student groups: stained and varnished floors throughout, built-in dining area in the kitchen, built-in workstation in the lounge. A large decking platform in the rear garden was added in summer 2020. Routine refurbishment in 2018 replaced the electric shower, stair and landing carpets, kitchen and bathroom floor vinyl, etc.
The house could be further extended into the loft space to provide additional accommodation (and the licence amended accordingly) without planning permission.
The property presently offers its tenants: GFCH (Vokera Ecotec installed 2015 and certificated annually), larder fridge (renewed 2020), and freezer (renewed 2019), tumble drier (renewed 2020), washing machine (renewed 2021), electric oven (renewed 2016), a modern bathroom with bath and electric shower (replaced 2018), a fully furnished lounge (sofas replaced 2019), decked garden with garden furniture, etc; so that, overall, it provides an attractive and congenial social and working space. Tenants are offered an optional inclusive package by the present managing agents, but broadband is tenants’ own responsibility. All 4 bedrooms are fully furnished with double beds, desk, shelves and clothes storage.
