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Longford Road, Longford, Coventry

PROPERTY TYPE

Detached

BEDROOMS

10

BATHROOMS

10

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan
1

Description

A unique opportunity to purchase a high-yield HMO investment opportunity with a large plot. The property boasts 10 very high caliber studio flats all being a substantial size and presented in very stylish fashion and all are furnished. Each room has a very smart en-suite shower room and parking space. A very high end proposition indeed.

Longford Road is one of the main arterial routes running through Coventry, connecting the city centre with Exhall, Bedworth and further M6 motorway network. The property itself is located only meters from the busy Arena Shopping Park and CBS Arena, making it ideal for those looking for an abundance of amenities a stones' throw away.

The property itself has previously had use as both a guest house and care home - renting for circa £3000 PCM. It would also have use as a simple HMO or conversion into a series of studio flats. The additional plot and land to the rear of the property could easily be converted into parking for nearby residents or be built upon to creature further living space / expand the footprint of the current building. This property ' is turn key ' and would be very popular for the working professional as enjoys excellent links.

An opportunity to purchase a profitable ten-bedroom dwelling. Investors should expect somewhere in the region of £750 per room per month ( £7500 ) and a gross of circa £90,000 a year. No onward chain!

HMOLICENSE JUST EXPIRED FOR 16 PEOPLE FROM 9 DIFFERENT HOUSEHOLDS -
POTENTIAL INCOME £90,000 - £100,000
 

DISCLAIMER Seller's position: No Chain
Council Tax Band: 'D'
Local Authority: Coventry City Council
EPC Rating: 'D'
Tenure: Freehold

Whilst great care is taken to ensure all measurements are accurate, they should be considered only as approximations of the maximum distances. The floorplan provided is for guidance only and should not be relied upon for purchasing furniture, fixtures or other. Any intended purchaser is encouraged to take their own measurements.

Please be advised Cloud9 Estates have not sought to verify the legal title of the property or information relating to any lease. Your appointed conveyancer should verify all details for you. 
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: D
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Longford Road, Longford, Coventry

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About Cloud9 Estates Ltd, Coventry

108 Walsgrave Road, Walsgrave, Coventry, CV2 4ED

Coventry's Most Trusted, Multi Award Winning and Largest Multilingual Sales, Lettings, Property Management, Commercial Estate Agent. We are members of ARLA and NAEA and are also members of the Property Ombudsman which means that we are fully regulated. Members of the Client Money Protection Membership Scheme which means that we protect our clients' money against the theft or misappropriation of the client money. Having partnered with University Hospital for internal advertising and helping house their staff and any relocation of property, ensuring properties listed with us are exposed to an extensive supply of buyers or tenants who are moving to Coventry or Warwickshire.

We are proud to be the top 3 Estate Agent services in the region for both Sales & Lettings, we've got this detail from Rightmove statistics.

Our team of property experts have more than 28 years of Sales and Lettings experience and speak 5 different languages. Our team is always on hand to help you with all of your Sales or Lettings needs, we will work hard to ensure that we sell or let your property as quickly as possible and for the best possible price.

Your mortgage

Per year
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Years
%
Monthly repayments
£4,668
We think you can borrow up to
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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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Disclaimer - Property reference 101851015853. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cloud9 Estates Ltd, Coventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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