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Mitchell Avenue Coventry, CV4 3 bed semi
Mitchell Avenue Coventry, CV4
£199,888
Mitchell Avenue Coventry, CV4
£199,888
Our Summary
- For Sale: With Full Planning Permission to Extend to 5 Bedrooms, 5 Bathrooms, and HMO Licensing Ready
- This rare investment opportunity is located just a short 15-minute walk from Warwick University, in one of the most desirable student areas in Coventry
- The property is currently a 3-bedroom, 3-bathroom house but comes with full planning permission for an extension to 5 bedrooms and 5 bathrooms, ideal for student accommodation
- With HMO licensing already prepared, this is a fantastic development project with significant rental yield potential
- Currently a 3-bedroom, 3-bathroom property with plans to extend to 5 bedrooms and 5 bathroomsFull planning permission granted, including building regulations, and HMO licensing readyEstimated post-development rental yield of 12
- 5%+ — a high-return investment opportunity with substantial marginsArchitectural drawings already developed and paid forLocated just a 15-minute walk from Warwick University and within close proximity to Cannon Park, Tesco, Sainsbury’s, McDonald’s, Subway, KFC, Starbucks, and moreSemi-detached property with a driveway, front garden, and large rear garden with a large shedFully furnished at present, providing an immediate rental option or potential for developmentGas central heating and double glazing throughout
- This is one of the last properties to receive planning permission before the Article 4 regulations came into effect in October 2023, making it a rare and highly sought-after investment opportunity
Description
This investment property, located just a 15-minute walk from Warwick University, offers a rare opportunity to extend a 3-bedroom, 3-bathroom house to 5 bedrooms and 5 bathrooms, with full planning permission and HMO licensing already prepared. The property is currently fully furnished, providing an immediate rental option or potential for development, and boasts a driveway, front garden, and large rear garden with a shed. With an estimated post-development rental yield of 12.5%+, this is a high-return investment opportunity with substantial margins. The property is situated in a desirable student area, close to various amenities, and with gas central heating and double glazing throughout. As an added benefit, the agency offers free advice from an HMO specialist to help maximize investment returns.