4 Bed HMO, Coventry, CV5 8EA £220,000

Kingsland Avenue, Chapelfields, Coventry, West Midlands, CV5 8EA - 5 views - a year ago
Sold STC
HMO
ROI: 6%
~129 m²
Property image

ValuationUndervalued

Sold Prices£185K - £660K
Sold Prices/m²£2.2K/m² - £5.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£275,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Room Rate

£477

Gross Rent

£1,908

Running Costs/mo

£1,536

Cashflow/mo

£372

Cashflow/yr

£4,464

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £185K to £660K, average is £358.5K. £2.2K/m² to £5.9K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£263K06/210.05 mi61, Abercorn Road, Chapelfields, Coventry, West Midlands CV5 8EE4
£295K08/250.19 mi214, Allesley Old Road, Coventry CV5 8GJ4
£395K06/210.28 mi71, Madeira Croft, Coventry, West Midlands CV5 8NX4
£230K05/230.34 mi1, Watson Road, Coventry, West Midlands CV5 8EW4
£297K06/210.37 mi3, Aston Road, Coventry, West Midlands CV5 6GT4
£290K08/210.44 mi227, Four Pounds Avenue, Coventry, West Midlands CV5 8JS4
£450K03/230.44 mi7, Myrtle Grove, Earlsdon, Coventry, West Midlands CV5 6EZ4
£195K06/230.46 mi7, Broomfield Place, Coventry, West Midlands CV5 6GY4
£365K12/240.47 mi95, Moor Street, Coventry CV5 6EY4
£485K12/240.5 mi24, Hartington Crescent, Coventry, West Midlands CV5 6FT4
£515K05/230.5 mi212, Beechwood Avenue, Coventry, West Midlands CV5 6FW4
£382.5K12/240.51 mi54, Clarendon Street, Coventry, West Midlands CV5 6EX4
£450K04/230.51 mi93, Earlsdon Avenue North, Coventry, West Midlands CV5 6GA4
£192K02/230.54 mi77, Westwood Road, Coventry, West Midlands CV5 6GF4
£375K06/210.54 mi19, Clarendon Street, Coventry, West Midlands CV5 6EW4
£455K01/230.55 mi28, Broad Lane, Coventry, West Midlands CV5 7AB4
£220K04/250.56 mi27, Newcombe Road, Coventry CV5 6NH4
£245K02/230.57 mi14, The Headlands, Coventry, West Midlands CV5 8HA4
£250K09/210.59 mi160, Albany Road, Coventry, West Midlands CV5 6NG4
£219K02/230.62 mi12, Bedford Street, Coventry, West Midlands CV1 3EW4
£490K12/220.65 mi25, Ainsbury Road, Coventry, West Midlands CV5 6BA4
£560K12/240.65 mi16, St Andrews Road, Coventry CV5 6FP4
£469K12/240.65 mi30, St Andrews Road, Coventry, West Midlands CV5 6FP4
£260K04/240.67 mi1b, Waveley Road, Coventry CV1 3AG4
£260K04/240.67 mi1b, Waveley Road, Coventry CV1 3AG4
£450K07/210.71 mi115, Rochester Road, Coventry, West Midlands CV5 6AF4
£275K06/250.73 mi193, Lavender Avenue, Coventry CV6 1DJ4
£262K06/250.74 mi20, Wildcroft Road, Coventry CV5 8AW4
£262K06/250.74 mi20, Wildcroft Road, Coventry CV5 8AW4
£337.5K09/210.74 mi2, Grayswood Avenue, Chapelfields, Coventry, West Midlands CV5 8HN4
£615K06/210.76 mi73, Ainsbury Road, Coventry, West Midlands CV5 6BA4
£450K06/250.76 mi19, Spencer Avenue, Coventry CV5 6NQ4
£455K02/250.77 mi1, Broadlands Close, Coventry CV5 7AJ4
£303K04/250.79 mi15a, Barkers Butts Lane, Coventry CV6 1DU4
£260K08/250.81 mi77, Cedars Avenue, Coventry CV6 1DP4
£600K05/250.83 mi23, Styvechale Avenue, Coventry CV5 6DW4
£600K05/250.83 mi23, Styvechale Avenue, Coventry CV5 6DW4
£338K03/250.84 mi23, Clayton Road, Coventry CV6 1FD4
£370K06/210.84 mi27, Harewood Road, Coventry, West Midlands CV5 8BS4
£352K01/230.86 mi16, Ashbridge Road, Coventry, West Midlands CV5 9LA4
£375K06/230.86 mi20, Ashbridge Road, Coventry, West Midlands CV5 9LA4
£660K08/230.87 mi11a, Bates Road, Coventry, West Midlands CV5 6AW4
£630K06/210.9 mi37a, Belvedere Road, Coventry, West Midlands CV5 6PG4
£640K11/210.91 mi1, Nightingale Lane, Coventry, West Midlands CV5 6AY4
£630K11/220.91 mi13, Nightingale Lane, Coventry, West Midlands CV5 6AY4
£475K06/210.95 mi5, Beechwood Avenue, Coventry, West Midlands CV5 6DF4
£305K03/250.95 mi102, Dunchurch Highway, Coventry CV5 8AA4
£305K03/250.95 mi102, Dunchurch Highway, Coventry CV5 8AA4
£257K01/250.96 mi16, Forfield Road, Coventry CV6 1FR4
£185K08/250.96 mi34, Brightmere Road, Coventry CV6 1LS4

Local Area Statistics

Population in CV5

46,725

Population in Coventry

351,075

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+20%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £220,000

October 25, 2024

Description

  • Attention First Time Buyers/ Family Home +
  • Four Bedroom HMO Property In Chapelfields +
  • Mid Terrace House In Chapelfields +
  • HMO Licence +
  • Ideal For Investors +
  • Open Plan Kitchen/ Dining/ Lounge Area +
  • An Impressive 12% yield +
  • Two Shower Rooms +
  • Family Home +
  • Call Merrick Binch Lettings & Sales For A Viewing On +

Fantastic Four-Bedroom HMO Investment Property in Chapelfields

This charming family home, situated in the heart of Chapelfileds, presents an inviting and practical living space for a comfortable lifestyle. The property could also appeal to investors alike due to the following:

An excellent investment opportunity awaits with this fully licensed, four-bedroom HMO property, ideally situated in the sought-after Chapelfields area. Perfectly positioned close to a range of local amenities and offering convenient bus routes to Warwick University, this property is well-suited to both students and young professionals.

Property Features:

Open-Plan Living Area: A spacious, modern kitchen/diner/lounge offers a welcoming communal area, designed for comfortable living and socializing.

Four Lettable Bedrooms: Each room is designed for privacy and comfort, making it ideal for tenants seeking both convenience and personal space.

Two Shower Rooms: With two shower rooms, tenants can enjoy reduced wait times and added convenience-a sought-after feature in shared accommodations
.
Prime Location: Located in the popular Chapelfields area, tenants will benefit from easy access to shops, cafes, and transport links, including direct bus routes to Warwick University.

This property is fully compliant with HMO standards and offers a great opportunity for high rental yields in a high-demand rental market.

Council Tax Band B.

Call Merrick Binch Lettings & Sales To Arrange A Viewing.

Agent Details

Merrick Binch Lettings & Sales, Coventry

024 7657 8888

Next Steps?

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