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5 bedroom house share for sale
Britannia Street, Coventry CV2
£350,000
Britannia Street, Coventry CV2
£350,000
Our Summary
- *investment opportunity* *no upward chain* Licensed HMO in an area with an Article 4 Direction
- The property is a combination of ensuite and studio rooms and is currently tenanted (3 rooms out of the 5) and offers an investment opportunity with income from the moment the sale completes
- Investment Opportunity
Description
This is an investment opportunity for a licensed HMO in Coventry's Stoke area, which has an Article 4 Direction on HMOs. The property consists of two studio rooms and three ensuite rooms, plus a shared kitchen diner. Currently, three of the five rooms are let on individual tenancy agreements, generating a gross rental income of £3500 per month. The property is fully licensed and has been operating as a HMO for several years. The current owner is receiving £2000 per annum in combined gas and electricity bills. This is a rare opportunity to purchase a well-established and profitable HMO with no upward chain, providing a steady income stream from the moment the sale completes.