4 bedroom terraced house

*This property is currently available – Please contact the Auctioneers to register your interest*

*IN THE ROOM AND LIVESTREAM*

To be sold via Public Auction on Thursday 6th February 2025 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £230,000 to £250,000

*This property is currently available – Please contact the Auctioneers to register your interest*

Tenanted investment opportunity. 3 storey, mid terrace property with 4 let rooms. Each room has their own ensuite apart from room 1 which has a separate shower room. Current rent payable £31,200 p.a. yield circa 13%. HMO licence until July 2026 (not transferable)

ACCOMMODATION GROUND FLOOR
Hallway:
Room 1: 11 ft 1 in x 8 ft 2 in
Lounge: 12 ft x 11 ft 6 in
Kitchen: 13 ft 3 in x 6 ft 1 in
Shower room:
FIRST FLOOR
Room 2 with ensuite: 11 ft 7 in max x 11 ft 11 in
Room 3 with ensuite: 11 ft 7 in max x 9 ft 8 in
SECOND FLOOR
Room 4 with ensuite: 15 ft 3 in max x 11 ft 7 in max
OUTSIDE Front: Garden.
Rear: Garden and 2 x stores.
On street parking.
SERVICES AND HEATING Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

Gas central heating.
EPC RATING - D
COUNCIL TAX BAND - A
TENURE Freehold subject to tenancies.
TENANCY/TENANCIES Room 1
Term: 6 months from 16/11/2023
Rent payable: £685 p.c.m.
Room 2
Term: 4 months from 27/08/2022 (now Rolling)
Rent payable: £625 p.c.m.
Room 3
Term: 30 days from 02/02/2025
Rent payable: £640 p.c.m.
Room 4
Term: 2 months from 12/05/2024 (now rolling)
Rent payable: £650 p.c.m.
ADDITIONAL COSTS Administration Fee: £1,440 (£1,200 plus VAT)
Buyers Premium: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs.

Tenure: See Legal Pack

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.