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4 bedroom flat for sale
Melville Road, Lower Coundon, Coventry
£300,000
Melville Road, Lower Coundon, Coventry
£300,000
Our Summary
- A well maintained house conversion that comprises of four self-contained flats all of which are currently tenanted and it is currently producing an annual income of £28,680 with scope to achieve more
Description
This well-maintained house conversion is comprised of four self-contained flats, all currently tenanted and generating an annual income of £28,680. The property is located on a side street near the Holyhead Road, offering excellent transport links and proximity to the city center. The flats are fully furnished, double-glazed, and feature electric heating. Each apartment has its own private garden, with the two ground-floor flats having access to two private gardens. The flats are well-presented and easily let, with current monthly rentals ranging from £575 to £625. The property is freehold, with an energy rating of D for three of the flats and E for one. The communal areas are well-maintained and in good decorative order, making this a great investment opportunity with scope to increase income.