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End of terrace house for sale
Dorset Road, Coventry CV1 4ED
£617,000
Dorset Road, Coventry CV1 4ED
£617,000
Our Summary
- *INVESTMENT OPPORTUNITY* *NO UPWARD CHAIN* HMO Licensed property in an area with an Article 4 Direction
- Investment Opportunity - Opportunity to purchase a 14-bed HMO licensed property
- *Investment Opportunity*
Description
This is an investment opportunity to purchase a 14-bed HMO licensed property in the Radford area of Coventry, approximately one mile from the city center. The property is currently split into two separate contained flats, both of which have been issued with HMO licenses by Coventry City Council. The ground floor flat is licensed for 5 years, expiring in 2028, while the first and second floor flat is licensed for 2 years, expiring in 2027. The property is currently leased, with the current agreement due to expire in 2026, and is generating a combined rent of £3,450 per month. The property consists of a mix of bedrooms, bathrooms, lounges, and kitchens, with a total floor area of approximately 1,400 square meters. Each individual studio has an EPC rating of D, indicating a need for energy efficiency improvements. This is a unique opportunity for an investor to purchase a licensed HMO property with potential for further renovation and improvement.