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Westlea Road,Leamington Spa,CV31 3JJ

PROPERTY TYPE

Semi-Detached

BEDROOMS

7

BATHROOMS

2

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

Key features

  • NN18171
  • Licensed 7-bedroom HMO
  • Current income of £36,000 per annum
  • Significant scope to improve yield
  • Spacious communal reception room
  • Two well-appointed bathrooms
  • Off-street parking via driveway
  • Private rear garden
  • Excellent access to local amenities and transport links
  • Rare investment opportunity in sought-after CV31 postcode

Description

NN18171 Discover an exceptional investment opportunity with this substantial seven-bedroom home, boasting a rare HMO license and currently generating £36,000 per annum, all situated in the desirable CV31 3JJ postcode. There is significant scope to improve the current yield, making this an even more attractive proposition. 

Upon entering, you are welcomed into a reception room that provides a versatile area for residents, offering a comfortable space for relaxation or socialising. The expansive layout continues throughout the property, with seven well-proportioned bedrooms, ensuring excellent accommodation for multiple occupants. Complementing these are two bathrooms, designed for convenience and shared use. Externally, the property benefits from a driveway, providing convenient off-street parking, a valuable asset for a multi-occupancy dwelling. To the rear, a garden offers a private outdoor space for enjoyment and relaxation. Situated in CV31 3JJ, this property boasts good access to local amenities and transport links, enhancing its appeal to tenants and solidifying its investment potential. Its prime location, combined with its HMO license and existing income, makes it a rare find in the current market. We encourage you to arrange a viewing to fully appreciate the generous proportions, excellent existing returns, and significant future potential this property offers.

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: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
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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Westlea Road,Leamington Spa,CV31 3JJ

Approximate location

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Affordability

Monthly repayments£2,257
Property: £ 450,000
Deposit: £ 45,000
Interest rate: 5.33%
Term: 30 years
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Extension potential
Recently sold & under offer
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About eXp UK, West Midlands

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Disclaimer - Property reference S1801121. 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 eXp UK, West Midlands. 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.