3 Refurbishments Projects For sale
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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 %
from 211,917.00 £
Average area rental value
1,065.00 £/mo
Decreased by 1.11 %
from 1,077.00 £/mo
Est rental Yield
5.44 %
Decreased by 10.82 %
from 6.10 %
Crime Rate
25.00 %
Unchanged by 0.00 %
from 25.00 %

Agent Activity

  • Envisage Sales & Lettings created the listing.

Nearby Schools

NameTypeOfstedDistance
Summit SchoolOther Independent Special School0.16 KM
Southfields Primary SchoolCommunity SchoolGood0.45 KM
Gosford Park Children'S CentreChildren's Centre0.68 KM
Gosford Park Primary SchoolCommunity SchoolGood0.68 KM
St Mary And St Benedict Catholic Primary SchoolVoluntary Aided SchoolGood0.76 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Vernon Close £ 000.00 KM
Spring Close £ 000.00 KM
Sky Blue Way £ 000.00 KM
Parkfield Close £ 000.00 KM
Cleveland Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Coventry1030COV2.73 KM
Coventry Arena7416CAA4.14 KM
Canley1129CNL6.40 KM
Bedworth1165BEH8.06 KM

Nearby Listings

AddressPriceTypeScoreDistance
King Richard Street, Coventry £ 160,000BUY6 / 100.00 KM
3 Refurbishments Projects For sale £ 595,000BUY5 / 100.00 KM
King Richard Street, CV2 £ 215,000BUY7 / 100.02 KM
King Richard Street, Coventry £ 275,000BUY6 / 100.05 KM
Britannia Street, Coventry £ 92,000BUY5 / 100.10 KM

Nearby Properties

AddressPriceDistance
49 King Richard Street £ 150,0000.00 KM
89 King Richard Street £ 50,0000.00 KM
68 King Richard Street £ 175,0000.00 KM
71 King Richard Street £ 139,0000.00 KM
53 King Richard Street £ 122,0000.00 KM