Situated in Coundon of Coventry, this impressive mid-terrace house on Chester Street presents a remarkable investment opportunity. With six well-appointed reception rooms, this property has been thoughtfully designed to accommodate a House in Multiple Occupation (HMO) setup, making it an ideal choice for those seeking to invest in the rental market.
The property boasts six spacious individual studio aparmtents, each equipped with its own kitchen and bathroom, ensuring privacy and convenience for all tenants. This arrangement not only enhances the living experience but also allows for separate billing, making it a hassle-free option for both landlords and tenants alike.
In good condition and fully let, this HMO property is strategically located close to the city centre, providing easy access to local amenities, transport links, and the vibrant culture that Coventry has to offer. The current income stands at an impressive £32,000 per annum, with potential for further growth, making this an enticing prospect for savvy investors.
With a valid HMO licence in place, this property is compliant with local regulations, ensuring peace of mind for prospective buyers. Whether you are looking to expand your property portfolio or enter the rental market, this well-maintained house offers a unique opportunity to secure a profitable investment in a sought-after location. Do not miss the chance to explore the potential this property holds.
Studio One - 4.5 x3.01 (14'9" x9'10") -
Studio Two - 3.75 x3.98 (12'3" x13'0") -
Studio Three - 5.18 x3.18 (16'11" x10'5") -
Studio Four - 4.4 x 3.8 (14'5" x 12'5") -
Studio Five - 3.8 x3.02 (12'5" x9'10") -
Studio Six - 3.99 x3.19 (13'1" x10'5") -
Entrance Hall -
Landing -
Lead Up -
Garden -
Kitchen One -
Kitchen Two -
Kitchen Three -
Kitchen Four -
Kitchen Five -
Kitchen Six -
Shower Room One -
Sower Room Two -
Shower Room Four -
Shower Room Five -
Shower Room Six -
We are led to believe each Studio is Council tax band A (1609). This can be confirmed with Coventry City Council.
Epc Rating Studios 1,2,3,5,6 are D and Studio 4 is C
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
Coundon, Coventry * SIX INDIVIDUAL STUDIOS * - Streetview
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