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5 bed property, in Park Road, £250,000
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5 bed semi-detached house

Park Road, Kenilworth, Warwickshire CV8
Planning
£250,000

Our Summary

  • **Licensed 5-Bedroom HMO Investment with Development Potential** An excellent opportunity to acquire a licensed five-bedroom HMO in a prominent and convenient Kenilworth location, currently producing an annual gross income of approximately £25,680 with tenants in situ
  • In addition to its established rental income, the property benefits from planning permission previously granted for conversion into two self-contained flats, presenting an attractive alternative strategy for investors and developers

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Description

The property is a 5-bedroom HMO investment located in a prominent Kenilworth location, spanning approximately 1,085 sq ft (100.8 sq m) over two floors. The accommodation includes five letting rooms, a communal lounge, a fitted kitchen, and two bathrooms. The property benefits from planning permission for conversion into two self-contained flats, and has a current HMO licence issued by Warwick District Council, allowing for occupation by up to five residents.

The property also enjoys the use of two parking spaces located adjacent to the building, which are provided by way of rights granted.