This property has been taken off the market.

3 Bed House For Sale Mitchell Avenue, Coventry, CV4

£199,888

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Last Updated: 3rd May 2024

Description

Rare Investment opportunity - For Sale with Full Planning Permission to extend to 5 bedrooms 5 bathrooms and HMO Licensing ready. Close to Warwick University,
Currently a 3 bed 3 bathroom house.

Rental yield post development will yield 12.5%+, huge margins here.

Architechural drawings have already been developed and paid for and planning permission has been approved - one of the last properties to get through before the article 4 regulations came into place in October 2023. Building regulations are also ready.

Circa 15 minutes walk to Warwick University , a very popular location with Warwick University students, being about as close as you can get as well as being minutes away from cannon park, Tescos, Sainsburys, McDonalds, Subway, KFC, Starbucks, Nisa locals and much more.

Offered fully furnished
Gas central heating
Double glazing
Semi detached with driveway
Front garden and large rear garden with large shed
Fully furnished at present

Will not be on the market for long.
As an agency we will include free advise from our HMO specialist post purchase to help you maximise your investments.
Agent Details
Henrys Estate Agents Ltd
30, Prior Deram Walk, Coventry, CV4 8FT
Show Contact Number
024 7767 2272

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested