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Marlborough Road, Nuneaton CV11 2 bed apartment for sale
Marlborough Road, Nuneaton, CV11
£180,000
Marlborough Road, Nuneaton, CV11
£180,000
Our Summary
- Situated in a highly convenient location close to Nuneaton town centre, this fantastic freehold property presents an exceptional investment opportunity within the buoyant and fast-growing rental market of North Warwickshire
- The apartments are both in good condition and, with only minor cosmetic improvements, are ready for immediate occupancy
- Furthermore, the property offers potential for future reconfiguration, including possible conversion into a House in Multiple Occupation (HMO), subject to the necessary planning consents and local authority approval
- EXCELLENT INVESTMENT OPPORTUNITY
- Excellent investment opportunity
- POTENTIAL FOR FURTHER CONVERSION (HMO)(SUBJECT TO LICENCE)
- Potential for further conversion (hmo)(subject to licence)
Description
This freehold property in Nuneaton town centre offers a fantastic investment opportunity in the fast-growing rental market of North Warwickshire. The property comprises two one-bedroom apartments, each with private off-street access, providing independence and privacy for tenants. The apartments have a similar layout, featuring a spacious bedroom with bay windows, a central living/dining room, and a well-equipped kitchen. Both apartments are in good condition and ready for immediate occupancy, with an anticipated monthly rental income of £750 per apartment, totaling £1,500 PCM, providing a strong 10% gross yield. The property also offers potential for future reconfiguration, including possible conversion into a House in Multiple Occupation (HMO), subject to necessary planning consents and local authority approval.