AN HMO located on Meads Street in Eastbourne has been sold.

The licensed 7-bedroom HMO (House in multiple occupation) has a gross annual income of £34,964.

The property is situated in Meads Street, which is particularly popular for professionals and students.

It was sold for a leasehold price of £329,950.

GPS Business Sales, who managed the purchases, said: “HMOs are proving to be a very popular choice for investors at this time and we have many registered buyers actively seeking this type of property.

“If you’re thinking of selling, please do give us to call on 01323 727271 to see how we can help.”