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4 bedroom detached house for sale
Dorset Road, Coventry, CV1 4ED
£210,000
Dorset Road, Coventry, CV1 4ED
£210,000
Our Summary
- *INVESTMENT OPPORTUNITY* *NO UPWARD CHAIN* HMO Licensed property in an area with an Article 4 Direction
- Investment Opportunity - Opportunity to purchase a 4-bed HMO licensed property
- The property is currently a single storey house with the potential to go into the loft with planning considerations
- Single Storey with Potential for Loft Conversion
Description
This is an investment opportunity to purchase a 4-bedroom HMO licensed property in the Radford area of Coventry, approximately 1-mile from the city center. The property has been licensed by Coventry City Council for 5 years and is currently let out on a 3-year lease, with a current rent of £1,250 per calendar month. The property has the potential to be extended into the loft with planning considerations, and the current lease expires in January 2026. The property consists of four bedrooms, two shared shower rooms, and a lounge, with laminate flooring and doors leading to each room. With an Article 4 Direction on HMOs in the area, this property presents a unique opportunity for an investor to capitalize on the growing demand for HMOs in Coventry.