This property is no longer on the market
4 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- *A fantastic opportunity for investors seeking high returns*
- 4 Bedrooms
- *HMO qualified*
- Sought after Chapelfields location.
- Let for the 24/25 academic year with a gross rent of £26,868 per annum.
- Impressive annual yield of over 11%!
- Two shower rooms
- Contemporary decor and condition throughout, attracting high quality tenants.
- Efficient central heating and UPVC double glazing for comfort and energy efficiency
- Strategically located for students attending Warwick & Coventry University
Seize the opportunity to invest in a prime 4 bedroom property that seamlessly combines contemporary comfort with an optimal location for maximum returns. Act now to secure your place in the thriving Warwick and Coventry property market.
Property description
Immediate Returns: With a secure tenancy agreement already in place, new investors can seamlessly step into a profitable venture. Begin generating income from day one.
HMO qualified: Designed to meet HMO guidelines and has HMO License in place, providing a secure and lucrative investment opportunity.
Spacious Interiors: The ground floor features a generous hallway with ample storage, a delightful double bedroom with a bay window, and a contemporary open-plan kitchen-living area. The kitchen boasts ceramic tile flooring, modern grey units, stainless steel appliances, and a comfortable lounge area with UPVC French doors leading to the rear garden.
Four Double Bedrooms: Expertly remodeled to offer four double bedrooms, meeting the demands of today's tenants and aligning with HMO standards.
Modern Comforts: Benefit from modern central heating, UPVC double glazing throughout, and low-maintenance front and rear gardens, ensuring a hassle-free investment.
Rooms: The first floor provides three additional double bedrooms, each tastefully decorated, and two modern shower rooms featuring white ash basins, W/Cs, and shower cubicles.
Prime Location: Situated in a highly sought-after student locale, this property offers proximity to both Warwick and Coventry Universities, enhancing its attractiveness to students.
Current Status (2024):
Rental Increase: Currently leased at £2,080 per month to four students, the property's rent will rise to £2,239 p.c.m. from July 1, 2024, promising enhanced returns.
Family Home Potential: Beyond its appeal to the student market, this property holds the potential to be an excellent family home, enhancing its versatility for a broad range of prospective occupants.
EPC Rating: D
Property information from this agent
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Property reference 04db9c72-45bd-44ed-bd7c-ae75e06f125c. 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 RDR Dassaur - Warwick.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 21, 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
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
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