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5 Bed HMO, Coventry, CV2 4FB £220,000

52 Dean Street, Coventry, West Midlands, CV2 4FB - 86 views - 3 years ago
  1. Deal Search
  2. Coventry
  3. CV2
  4. CV2 4FB
HMO
Refurb/BRRR
ROI: 9%
~86 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

  • More Deals in Coventry
  • More Deals in CV2
  • More HMO Deals
  • More HMO Deals in Coventry
  • More HMO Deals in CV2

Property History

Listed for £220,000

June 24, 2023

Sold for £87,000

2017

Floor Plans

Description

Introducing this appealing 4/5 bedroom investment property, a fantastic opportunity for landlords or investors seeking a promising venture. Offered for sale with no chain, this property is situated in a highly convenient location, approximately 0.8 miles from the Coventry University Campus. Its proximity to the campus makes it an ideal choice for landlords looking to attract students or professional tenants.

This property underwent a comprehensive renovation just four years ago, ensuring it is in excellent condition. The renovation included updates such as a new kitchen, new bathrooms, replastering, new ceilings, a new heating system, and a full re-wiring. These modernisations provide a turnkey solution, saving both time and effort for potential buyers.

As you step inside, you are greeted by a welcoming hallway, which provides access to the various living spaces. The ground floor comprises a versatile bedroom that can also function as a dining room, catering to the preferences of tenants. A communal lounge area offers a comfortable and sociable space for relaxation and unwinding. The well-appointed kitchen features integrated worktop cooker and oven, combining style and functionality. Completing the ground floor is a bathroom, presenting modern fixtures and fittings for the convenience of residents.

Moving to the first floor, a landing area leads to two generously-sized double bedrooms, offering tenants ample space to create their own personal havens. The layout continues to impress with a loft conversion on the second floor, providing two additional bedrooms and a shower room. This conversion adds versatility and the potential to accommodate a larger number of tenants.

Outside, the property features a good-sized, paved rear garden. This low-maintenance outdoor space provides an ideal setting for tenants to relax, socialise, or enjoy outdoor activities.

The property's prime location, approximately 0.8 miles from Coventry University Campus, ensures easy access to educational facilities, while also offering proximity to local amenities, transportation links, and other conveniences.

This mid-terraced investment property, offered for sale with no chain, presents an exceptional opportunity for landlords seeking to capitalise on the student or professional rental market. With its recent renovation, this property provides a hassle-free investment option. Don't miss the chance to maximise your returns in this sought-after location. Arrange a viewing now and secure this remarkable investment property for your portfolio.

GOOD TO KNOW:
Tenure: Freehold
Vendors Position: No Chain
Parking Arrangements: Street Parking
Council Tax Band: A
EPC Rating: C
Total Area: Approx. 928 Sq. Ft
Recent Improvements: Fully renovated in 2019
HMO Licence: Not in place although works carried out are to HMO requirements
Current Rental achieved: £1,100
Tenants in Situ: Yes, they have been served notice

Ground Floor -

Hallway -

Bedroom One/Dining Room - 3.35m x 2.31m (11' x 7'7) -

Communal Lounge - 3.71m x 3.35m (12'2 x 11') -

Kitchen - 4.85m x 1.75m (15'11 x 5'9) -

Bathroom -

First Floor -

Bedroom Two - 3.38m x 3.35m (11'1 x 11') -

Bedroom Three - 3.35m x 2.82m (11' x 9'3) -

Second Floor -

Bedroom Four - 3.30m x 2.79m (10'10 x 9'2) -

Bedroom Five - 3.33m x 2.64m (10'11 x 8'8) -

Shower Room -

Outside -

Rear Garden -

Agent Details

Shortland Horne, Coventry

024 7542 4052

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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