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10 bedroom detached house for sale
Longford Road, Longford, Coventry
£1,000,000
Longford Road, Longford, Coventry
£1,000,000
Our Summary
- A unique opportunity to purchase a high-yield HMO investment opportunity with a large plot
Description
This high-yield HMO investment opportunity in Coventry offers 10 spacious studio flats, each with an en-suite shower room and parking space, presented in a stylish fashion and fully furnished. The property is located on Longford Road, a main arterial route connecting the city centre to Exhall, Bedworth, and the M6 motorway network, making it ideal for those seeking easy access to amenities. The property has previously been used as a guest house and care home, renting for circa £3000 PCM, and could also be used as a simple HMO or converted into individual studio flats. The additional plot and land to the rear of the property could be converted into parking or built upon to create further living space. With a potential income of £90,000 to £100,000 per year, this "turn-key" property is an attractive opportunity for investors, with no onward chain.