Richmond Street, Stoke, Coventry, CV2 4HZ
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
3
- SIZE
721 sq ft
67 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- No onwards Chain
- HMO
Description
INVESTMENT OPPORTUNITY – HIGH-YIELD HMO – 11.75% GROSS / 10.03% NET
Attention investors – a ready-made, income-generating 3-unit HMO located just off Clay Lane, offering strong returns and low ongoing maintenance.
Originally a two-bedroom terraced home, the property has been converted into three self-contained studio units and benefits from a valid HMO licence, making it a straightforward addition to any portfolio.
Income Overview- Ground Floor Studio: £566 pcm (tenanted)
- First Floor Front Studio: £525 pcm (vacant – ready to let)
- First Floor Rear Studio: £525 pcm (tenanted since 2022)
Total Potential Income:
£1,616 pcm / £19,392 per annum
Rents are inclusive of utilities. Tenants pay their own council tax.
Returns- Gross Yield: 11.75%
- Net Yield: 10.03%
- Water (unmetered): £531.75
- Electricity (estimated): £2,040
- Internet: £264
Total Costs: £2,835.75 per annum
No gas supply – no gas safety certification, no boiler, and reduced maintenance liabilities.
Accommodation- Three self-contained studio units
- Ground floor unit with private garden access
- Two first-floor studios with ensuite shower rooms
- Communal entrance hallway and shared kitchen
Includes a modern Dimplex Quantum High Heat Retention Storage Heater system for efficient electric heating downstairs.
Key Information- EPC Rating: D
- Council Tax Band: A
- Internal Area: 67 sqm / 721 sq ft
Sale due to landlord retirement.
Roof type: Clay tiles.
Flooded in the last 5 years: No.
Does the property have flood defences?
No.
Construction materials used: Brick and block.
Water source: Direct mains water.
Electricity source: National Grid.
Sewerage arrangements: Standard UK domestic.
Heating Supply: Central heating (electric).
Parking Availability: Yes.
- 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: A
- 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.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Richmond Street, Stoke, Coventry, CV2 4HZ
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Visit our security centre to find out moreDisclaimer - Property reference suttons_133718923. 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 Suttons, 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.
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