Offers over
£500,000
Property for saleSir Henry Parkes Road, Coventry CV4
EPC Rating: C
- Freehold
Merrick Binch Lettings
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About this property
Fully licensed 6-bed HMO investment property just a short walk from Warwick University, offered at offers over £500,000 with a strong rental return.
Recently renewed 5-year HMO licence (valid until August 2030, non-transferable). Let to a group of 6 female students until 31st July 2026, generating a gross rent of £47,520 per annum (£720 per person/month, charged for 11 months/year, inclusive of bills). Total annual bills approx. £4,186 (Gas & Electric £2,664, Water £700, TV Licence £174, Broadband £648), giving a net rental income of £43,334 and a net yield of approx. 8.67%. The property comprises 6 large double bedrooms, each with en-suite bathroom, a spacious open-plan lounge/kitchen with double doors to a large, low-maintenance garden, plus garage and shed for bike storage. Fully refurbished, decorated, and furnished to a high standard, this is a complete turnkey solution requiring no additional work - a high-performing, hands-off investment in a prime student location.
Call Merrick Binch Lettings & Sales To Arrange A Viewing.
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