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5 bedroom Semi Detached House for sale, Park Road, Kenilworth, Warwickshire, CV8
Features and Description
- Licensed 5-Bedroom HMO
- Offers Over £250,000
- Gross Income Approx. £25,680 Per Annum
- Tenants in Situ
- Approx. 10.3% Gross Yield
- Current HMO Licence in Place
- Utility Bills Currently Paid by Vendor
- Shared Parking Available
- Two Bathrooms
- Communal Kitchen & Lounge
- Previous Planning Permission Granted for Conversion into Two Flats
- Prime Central Kenilworth Location
- Attractive Investment & Development Opportunity
- EPC Rating: C
- Council Tax Band: B
**OPEN HOUSE – FRIDAY 31ST JULY, 12:00 PM – 2:00 PM - Please call us to register your interest and secure your viewing appointment.**Licensed 5-Bedroom HMO Investment with Development Potential**
An excellent opportunity to acquire a licensed five-bedroom HMO in a prominent and convenient Kenilworth location, currently producing an annual gross income of approximately £25,680 with tenants in situ.
In addition to its established rental income, the property benefits from planning permission previously granted for conversion into two self-contained flats, presenting an attractive alternative strategy for investors and developers. Further information relating to the previous consent can be made available upon request.
The accommodation extends to approximately 1,085 sq ft (100.8 sq m) and comprises five letting rooms arranged over two floors, a communal lounge, fitted kitchen and two bathrooms, one on each floor. The layout has been designed to cater for professional tenants, providing practical communal facilities and well-proportioned accommodation throughout. To the rear, the property enjoys the use of two parking spaces located adjacent to the building. We understand these are provided by way of rights granted and are not included within the property's registered title. Purchasers should satisfy themselves as to the nature and extent of these rights.
The property benefits from a current HMO licence issued by Warwick District Council and is approved for occupation by up to five residents.
Why Invest?
A rare opportunity to acquire a licensed HMO in the heart of Kenilworth producing an attractive gross yield of approximately 10.3% at the asking price. With immediate rental income, an established tenant base and opportunities to enhance future returns, this property represents an appealing addition to any investment portfolio.
Viewing Strictly by Appointment.
Communal Lounge
15'11" x 10'10" (4.85m x 3.30m)
Kitchen
10'8" x 7'2" (3.26m x 2.18m)
Bedroom
12'10" x 9'2" (3.90m x 2.80m)
Bedroom
12'10" x 9'2" (3.90m x 2.80m)
Bedroom
13'1" x 10'11" (4.00m x 3.34m)
Bedroom
10'2" x 10'9" (3.10m x 3.28m)
Bedroom
9'6" x 7'10" (2.90m x 2.40m)
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Park Road, Kenilworth, Warwickshire, CV8
Additional Information
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Property refBED260164
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EPCC
-
TenureFreehold
-
Council TaxB
-
Local authorityWarwick District Council
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Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
74Potential
79CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
