For Sale: With Full Planning Permission to Extend to 5 Bedrooms, 5 Bathrooms, and HMO Licensing ReadyThis rare investment opportunity is located just a short 15-minute walk from Warwick University, in one of the most desirable student areas in Coventry. The property is currently a 3-bedroom, 3-bathroom house but comes with full planning permission for an extension to 5 bedrooms and 5 bathrooms, ideal for student accommodation. With HMO licensing already prepared, this is a fantastic development project with significant rental yield potential.Currently a 3-bedroom, 3-bathroom property with plans to extend to 5 bedrooms and 5 bathroomsFull planning permission granted, including building regulations, and HMO licensing readyEstimated post-development rental yield of 12.5%+ — a high-return investment opportunity with substantial marginsArchitectural drawings already developed and paid forLocated just a 15-minute walk from Warwick University and within close proximity to Cannon Park, Tesco, Sainsbury’s, McDonald’s, Subway, KFC, Starbucks, and moreSemi-detached property with a driveway, front garden, and large rear garden with a large shedFully furnished at present, providing an immediate rental option or potential for developmentGas central heating and double glazing throughoutThis is one of the last properties to receive planning permission before the Article 4 regulations came into effect in October 2023, making it a rare and highly sought-after investment opportunity.The property will not be on the market for long. As an added benefit, our agency offers free advice from our HMO specialist post-purchase, helping you to maximize your investment returns.For further details or to arrange a viewing, contact us today.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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