6 bedroom terraced house for sale

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6 bedroom terraced house for sale

Melville Road, Coventry, CV1
£399,950

Price History

Initial price £419,000
08/08/24 £414,000
03/09/24 £399,950
Price Change -4.55%

Description

This property is an ideal investment opportunity, offering a licensed HMO with six bedrooms, each with en-suite facilities, currently let to working professionals only. The property generates a significant income of over £43,000 per annum, providing a gross yield of 10% and a net yield of 8.5%. All fixtures and fittings are included in the sale, making it a turnkey investment opportunity. With its lucrative rental income and high yields, this property is a prime choice for investors seeking a stable and profitable investment.