10 bed detached house for sale

Longford Road, Longford, Coventry CV6

New Instruction! - Cloud9 Estates proudly present this 10 bedroom & 10 bathroom HMO, licensed for 16 people from 9 different households - Lucrative investment opportunity available for those wishing to expand their portfolio! Investors to expect circa £750-£800 per room per month. Annual £90k - £100k

A unique opportunity to purchase a high-yield HMO investment opportunity with a large plot. The property boasts 10 very high caliber studio flats all being a substantial size and presented in very stylish fashion and all are furnished. Each room has a very smart en-suite shower room and parking space. A very high end proposition indeed.

Longford Road is one of the main arterial routes running through Coventry, connecting the city centre with Exhall, Bedworth and further M6 motorway network. The property itself is located only meters from the busy Arena Shopping Park and cbs Arena, making it ideal for those looking for an abundance of amenities a stones' throw away.

The property itself has previously had use as both a guest house and care home - renting for circa £3000 pcm. It would also have use as a simple HMO or conversion into a series of studio flats. The additional plot and land to the rear of the property could easily be converted into parking for nearby residents or be built upon to creature further living space / expand the footprint of the current building. This property ' is turn key ' and would be very popular for the working professional as enjoys excellent links.

An opportunity to purchase a profitable ten-bedroom dwelling. Investors should expect somewhere in the region of £750 per room per month ( £7500 ) and a gross of circa £90,000 a year. No onward chain!

Hmolicense just expired for 16 people from 9 different households - potential income £90,000 - £100,000

Disclaimer Seller's position: No Chain
Council Tax Band: 'D'
Local Authority: Coventry City Council
EPC Rating: 'D'
Tenure: Freehold

Whilst great care is taken to ensure all measurements are accurate, they should be considered only as approximations of the maximum distances. The floorplan provided is for guidance only and should not be relied upon for purchasing furniture, fixtures or other. Any intended purchaser is encouraged to take their own measurements.

Please be advised Cloud9 Estates have not sought to verify the legal title of the property or information relating to any lease. Your appointed conveyancer should verify all details for you.