An excellent opportunity to acquire an established four-bedroom en-suite HMO, offered for sale with tenants in situ and a separate parcel of land included within the sale.
The property is currently licensed as an HMO for up to five occupants, with the licence running until June 2027. Three of the four rooms are presently occupied, with a potential gross rental income of £1,850 per calendar month (£22,200 per annum) when fully let. At the asking price, this represents a potential gross yield of approximately 9.45%.
Arranged over two floors, the accommodation extends to approximately 845 sq. ft. and comprises an entrance porch and hallway, four individually let bedrooms, each benefiting from a private en-suite shower room, a fitted communal kitchen and a separate dining/communal room. Outside is a generously sized enclosed rear garden.
Tenants pay for their individual electricity usage through sub-meters, while gas, water, council tax and broadband are included within the rents.
The sale also includes a parcel of land held under a separate title, offering possible longer-term potential, subject to all necessary planning and other consents.
Located within easy reach of Coventry city centre, local amenities and key transport connections, this income-producing property is ideally suited to an established or aspiring HMO investor.
Early viewing is recommended to appreciate the accommodation and investment opportunity available.