Turnkey HMO with immediate income and refurbishment upside in CV5..
- 4-bedroom HMO producing £21,480 gross pa
- Freehold tenure with long-term tenants in situ
- Compact 937 sq ft; small rear garden only
- Victorian terraced property; requires modernisation
- On-street parking; no private driveway
- No flood risk; low local crime and fast broadband
- Buyers Premium applies on purchase
- Strong investor/developer interest likely
A four-bedroom House of Multiple Occupation on Kensington Road, Coventry (CV5) offered freehold with long-term tenants in situ. The property currently operates as an income-producing HMO delivering a reported annual gross income of £21,480 — an immediate cashflow asset for a buy-to-let portfolio. Its Victorian terraced character and central location in a cosmopolitan, predominantly private-renting neighbourhood make it a straightforward proposition for investors or developers.
The house is compact (approximately 937 sq ft) with a small rear garden and on-street parking. Internal descriptions indicate a modernised living room but the property overall requires updating and modernisation in places; purchasers should plan for refurbishment to optimise rents and yield. A Let Property Pack is available for detailed investment figures and tenancy information.
Practical benefits include freehold tenure, no flood risk, low local crime levels, excellent mobile signal and fast broadband — useful for attracting tenants. Material points to note: the plot and overall size are small, the property sits on a terraced street, and a Buyers Premium will apply to secure purchase. This is best suited to serious investors or developers seeking an immediate-let HMO with scope to improve returns through refurbishment or management optimisation.
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