Ranelagh Terrace, Leamington Spa

SUMMARY
THREE BEDROOM MID TERRACE***LICENSED AS A FOUR BEDROOM HMO***OFFERING OVER 10% YIELD***EXCELLENT INVESTMENT OR RESIDENTIAL PURCHASE***WITHIN WALKING DISTANCE TO LOCAL AMENITIES***LOW MAINTENANCE COURTYARD GARDEN TO THE REAR***


DESCRIPTION
Excellent investment or residential opportunity - Three bedroom mid terrace with licensed four bedroom HMO use.

An appealing three bedroom mid terrace property, available either as a licensed four bedroom HMO currently achieving £2,365 per calender month (offering a potential yield of over 10%) or as a residential purchase. The the end of the current tenancy in February 2026, however, legal completion may be possible to take place prior to this date.

The accommodation comprises a welcoming entrance hallway, downstairs bedroom, dining room, fitted galley kitchen, shower room and separate W/C. To the first floor are three well proportioned bedrooms.

Externally the property benefits from a low maintenance courtyard style garden and on street parking.

Located in a popular and convenient area, within easy reach of the town centre, train station and a range of local amenities - this property appeals to both investors and future home owners alike.

Entrance Hallway 
Spacious entrance hallway with stairs rising to the first floor and doors to the lounge and dining room.

Lounge 13' 8" max x 10' 5" ( 4.17m max x 3.17m )
Spacious bay-fronted lounge consisting of solid wood flooring and a radiator.

Dining Room 10' 10" max to alcove x 12' 2" ( 3.30m max to alcove x 3.71m )
Having a fitted cupboard, and built-in understairs cupboard, a radiator, a double glazed window to rear elevation and a door to the kitchen.

Kitchen 10' 2" x 7' 8" ( 3.10m x 2.34m )
Fitted with wall and base units with work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit. Providing space for appliances and housing the gas central heating boiler, fitted in 2020. With a double glazed window to side elevation and access to the inner hallway.

Inner Hallway 
Comprising a radiator, a double glazed window to side elevation and doors to the downstairs cloakroom and downstairs shower room.

Downstairs Cloakroom 
Fitted with a wash hand basin and a low level W/C .

Downstairs Shower Room 
Fitted with a wash hand basin, shower cubicle, partly tiled walls and a double glazed window to side elevation.

First Floor 

Landing 
The stairs lead from the hallway with doors to all bedrooms.

Bedroom One 11' 4" x 14' 1" max to alcove ( 3.45m x 4.29m max to alcove )
Double bedroom with a radiator and two double glazed windows to front elevation.

Bedroom Two 11' 9" x 8' 8" ( 3.58m x 2.64m )
Double bedroom having solid wood flooring , a radiator and a double glazed window to rear elevation.

Bedroom Three 7' 8" x 8' 7" plus alcove ( 2.34m x 2.62m plus alcove )
Comprising a radiator and a double glazed window to rear elevation.

Outside 

Rear Garden 
Low maintenance courtyard garden being wall enclosed with gated rear access.

Parking 
On street.

Agent's Note 
Our seller has advised continued rental management and maintenance of the property can be offered to potential investors.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.