4 bedroom house for sale
Key information
Property description & features
- Tenure: Freehold
-Attention Investors -- HMO Investment Opportunity—
Key Features
- Excellent Investment Opportunity-
- Planning approval for conversion to a 6 Bedroom/ 6 ensuites HMO-
- Larger than normal property-
- Second floor, part of existing build.
- Circa ~8% Gross Yield -
- 4 Well Sized Double Rooms - Fully Tenanted - One Bathroom – Kitchen
- Reception Room - Rear Garden - Close to City Centre –
- Valid EICR/Fire Alarm & Emergency Lighting Certs
- Early Viewing Advised.
Property Summary –
Premier Lettings Solutions are delighted to offer this superb investment opportunity.
Incredible opportunity awaits in the heart of Earlsdon, Coventry. Presenting a spacious larger than normal 3/4-bedroom house, prime location and excellent connectivity, it's poised for high future conversion, rental demand and resale value.
The property benefits from planning approval for conversion to a 6 bedroom/ 6 en-suites HMO property, along with valid Smoke alarm & Emergency Lighting Certificates. EICR & GSC also in place.
The property is currently being rented as a HMO property and is achieving a gross yield of circa 8%, with option to increase this through future rent review, or property conversion.
The property can be sold as vacant possession or tenants in situ.
To the ground floor there is an entrance hallway with access to one of the rented bedrooms, downstairs reception room, along with the kitchen and downstairs bathroom.
First Floor- 2 Large double bedrooms with UPVC windows to the front and rear aspects.
Second floor- Extremely larger than normal double bedroom.
Reception Room - Communal Reception Room to the Ground floor.
Kitchen - kitchen with wall & floor units, wooden worktop, central heating boiler, fridge freezer, sink & cooker.
Bathroom- Ground floor bathroom to the rear.
Interested parties are advised to carry out their own indulgence with regards to the planning approval. Plans can be viewed on the Coventry Council Planning website.
PL/2023/0000854/PAH
Places of interest
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Property reference OTxjLCPusH0. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Premier Lettings Solutions - Coventry.
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Broadband availability and predicted speed: obtained from Ofcom on December 29, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 29, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 4, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.