3 Refurbishments Projects For sale
By Envisage Sales & Lettings
£ 595,000
Reviews
2 out of 5 stars
Envisage Sales & Lettings says ..
OFF MARKET OPPURTUNITY: Great property portfolio for sale with the chance to turn all 3 mid terraced houses into 5/6 bedroom HMO's, all houses are currently tenanted and would be sold with current tenants. These properties are within walking distance to Coventry University and Coventry City Centre
Property Oracle says ..
This listing presents an investment opportunity involving three terraced houses in St Michael’s, Coventry. The key selling point is the potential to convert these properties into higher-yielding HMOs (Houses of Multiple Occupancy). The location near Coventry University and the city centre is advantageous, given the high demand for student and professional rental accommodation. However, several points require further investigation to make a complete assessment. The current condition of the properties isn’t explicitly defined beyond the fact they are occupied, but conversion into HMO’s implies some work will be required. The absence of key metrics such as square footage, plot size, and specific details on the tenants and lease terms make complete analysis challenging. Consequently, there is a degree of uncertainty around the return on investment and the overall value for money proposition of the current list price. Potential buyers would need to complete thorough due diligence and seek expert advice to determine the true value of the entire project and ensure a financially sound investment.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 8
- Bathrooms
- 3
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 234,977.00 £Increased by 10.88 %
- Average area rental value
- 1,065.00 £/moDecreased by 1.11 %
- Est rental Yield
- 5.44 %Decreased by 10.82 %
- Crime Rate
- 25.00 %Unchanged by 0.00 %
Agent Activity
Envisage Sales & Lettings created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Summit School | Other Independent Special School | 0.16 KM | |
| Southfields Primary School | Community School | Good | 0.45 KM |
| Gosford Park Children'S Centre | Children's Centre | 0.68 KM | |
| Gosford Park Primary School | Community School | Good | 0.68 KM |
| St Mary And St Benedict Catholic Primary School | Voluntary Aided School | Good | 0.76 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Vernon Close | £ 0 | 0 | 0.00 KM |
| Spring Close | £ 0 | 0 | 0.00 KM |
| Sky Blue Way | £ 0 | 0 | 0.00 KM |
| Parkfield Close | £ 0 | 0 | 0.00 KM |
| Cleveland Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Coventry | 1030 | COV | 2.73 KM |
| Coventry Arena | 7416 | CAA | 4.14 KM |
| Canley | 1129 | CNL | 6.40 KM |
| Bedworth | 1165 | BEH | 8.06 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| King Richard Street, Coventry | £ 160,000 | BUY | 6 / 10 | 0.00 KM |
| 3 Refurbishments Projects For sale | £ 595,000 | BUY | 5 / 10 | 0.00 KM |
| King Richard Street, CV2 | £ 215,000 | BUY | 7 / 10 | 0.02 KM |
| King Richard Street, Coventry | £ 275,000 | BUY | 6 / 10 | 0.05 KM |
| Britannia Street, Coventry | £ 92,000 | BUY | 5 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 49 King Richard Street | £ 150,000 | 0.00 KM |
| 89 King Richard Street | £ 50,000 | 0.00 KM |
| 68 King Richard Street | £ 175,000 | 0.00 KM |
| 71 King Richard Street | £ 139,000 | 0.00 KM |
| 53 King Richard Street | £ 122,000 | 0.00 KM |