Latest Valuation
£300,000
ROCE
46%
Location
Coventry

Fully Tenanted Property Producing Instant Cash Flow

The plan is to purchase this property, which is fully tenanted with 5 student tenants and benefit from an instant cashflow.
Guide Price
£310,000

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Key Features

  • HMO
  • Instant cashflow
  • 5 bed, 5 bathroom HMO - all en-suites
  • Fully tenanted
  • Great for students

The Property

The plan is to purchase this property, which is fully tenanted with 5 student tenants and benefit from an instant cashflow. The property was taken back to brick in 2019, and a full internal refurbishment was carried out to a high spec. Great for students, within walking distance from the university and the high road.

Selling office: Sourced Wandsworth & Lambeth

Planning Information

N/A

The Plan

The plan is to purchase this property, which is fully tenanted with 5 student tenants and benefit from an instant cashflow. Property was taken back to brick in 2019, and a full internal refurbishment was carried out to a high spec. Great for students, only a 12 min walk away from the university, and literally a 30 second walk away from the high road.

The financials:
▪ Purchase price: £310,000
▪ Sourcing fee: 2%
▪ Annual rental income: £30,000
▪ Yield: 9.2%​
▪ ROCE: 46%

The Location

Coventry has a population of 371,521 residents in mid-2019. It is the ninth largest city in England by population. The city has seen a sustained increase in its population over the past ten years. This is due to natural change (more births than deaths) and international migration.

Average estimated value for a house in CV3 1AR

£

Indeed, in recent years, Coventry’s population is thought to have grown by 1.75%, putting the city in third place of all local authority areas, after Tower Hamlets and Barking and Dagenham. Demand for rooms in Coventry is always high, given high population of students and local professionals.

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