Peel Street, Coventry, West Midlands, CV6

- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
7
- SIZE
1,404 sq ft
130 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
- Six en-suite letting rooms arranged over three floors
- Two ground-floor rooms, three first-floor rooms and one second-floor room
- Private en-suite shower room for every letting room
- Shared fitted kitchen on the ground floor
- Rear garden
- Separate commercial office annex beyond the garden
- Current rental income of £3,300 per calendar month
- Annual gross rental income of £39,600
- Indicative gross yield of 16.5%
- Asking price of £240,000
Description
The property generates rental income of £3,300 per calendar month. This equates to £39,600 per annum and represents an indicative gross yield of 16.5% based on the asking price of £240,000.
The main property has been configured to provide practical private accommodation for each occupier. Every letting room benefits from its own en-suite shower room which provides tenants with additional privacy and reduces reliance on shared bathroom facilities.
On the ground floor there are two en-suite letting rooms together with the main shared kitchen. The kitchen is fitted with a range of wall and base units, work surfaces, a sink, cooking facilities and useful storage space.
The first floor provides three further en-suite letting rooms. Each room offers space for sleeping accommodation, storage furniture and additional furnishings such as a desk or television unit.
The second floor contains the sixth en-suite room. This accommodation is self-contained and includes its own private kitchen unit as well as an en-suite shower room. The additional kitchen facilities provide greater independence and distinguish this room from the other accommodation within the main property.
The property therefore offers two en-suite rooms on the ground floor, three en-suite rooms on the first floor and one self-contained en-suite room with a kitchen unit on the second floor.
To the rear of the main building is a garden which provides useful outside space. Beyond the garden is a separate annex arranged as a commercial office. The annex also benefits from its own kitchen unit which creates a practical and independent working environment away from the main residential accommodation.
The combination of six en-suite letting rooms, a self-contained top-floor unit and a separate office annex with kitchen facilities creates a flexible income-producing property. It may appeal to landlords, portfolio investors and buyers seeking an established rental investment with an additional commercial office element.
Accommodation summary:
Ground floor:
* Two en-suite letting rooms
* Shared fitted kitchen
* Access to the rear garden
First floor:
* Three en-suite letting rooms
Second floor:
* One self-contained en-suite letting room
* Private kitchen unit
Outside:
* Rear garden
* Separate commercial office annex
* Kitchen unit within the annex
Investment summary:
* Asking price: £240,000
* Monthly rental income: £3,300
* Annual gross rental income: £39,600
* Indicative gross yield: 16.5%
* Six en-suite letting rooms
* One self-contained second-floor room with a private kitchen unit
* Shared ground-floor kitchen
* Rear garden
* Separate commercial office annex with its own kitchen unit
This is a distinctive investment opportunity offering strong gross rental income in relation to the asking price. The property combines six private en-suite rooms, shared facilities, self-contained accommodation, outside space and a separate commercial office annex.
Brochures
Sales Brochure- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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.
- Ground floor
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Visit our security centre to find out moreDisclaimer - Property reference PeelStreet. 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 Humberstone Business Centre (HBC), Leicester. 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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