5 bed property for sale

Hearsall Lane, Coventry CV5

Ellipse Properties is proud to present this lucrative 5-bedroom HMO, ideally situated in the highly sought-after area of Earlsdon, Coventry. This property offers an excellent opportunity for property investors or landlords seeking a reliable and profitable rental income.

Property Highlights:

• Type: 5 double bedrooms, each with en-suite facilities.
• Shared Areas: Communal kitchen, lounge, and a generous garden.
• Parking: Street-level parking on adjacent and parallel roads.
• Current Tenants: Fully let to 5 working professionals, generating £2,695 pcm (£32,340 per annum).
• Yield: 10% with further rental growth potential.

Location Benefits:

• ¾ mile from Coventry City Centre, a 20-minute walk, or a short cycle ride.
• Excellent transport links: 5-minute walk to bus stops connecting Coventry and Warwick.
• Proximity to Earlsdon High Street and Hearsall Lane Park (15-minute walk).

Investment Opportunity:

• Stable rental income since September 2021, with long-standing tenants.
• Strong demand from professionals, contractors and students in the area.
• Potential for rent increases with new tenants (£560 per room market rate).

Additional Advantages:

• Located in an Article 4 area, ensuring limited future competition for new HMOs.
• Ideal for landlords looking to invest in a turnkey rental property.

Guide Price: Offers over £320,000.

This property offers a rare combination of consistent rental income, prime location, and excellent growth potential. Enquire today to secure this profitable investment!

EPC Rating "C"

Council Tax Band "A"

Tenure: Freehold