Coventry property with NINETEEN bedrooms for sale at Bond Wolfe’s next auction
An unusually large property in Coventry with NINETEEN bedrooms is appearing at Bond Wolfe’s next auction on Wednesday 14 December.
What were originally two substantial terraced homes at 27 Westminster Road and 15 Regent Road are joined at what is the corner junction and now operate as one fully licenced house of multiple occupancy (HMO).
Located just to the south-west of Coventry’s ring road, the property is currently bringing in rents of £68,820 per annum and will come to the auction with a guide price of £680,000+.
Jonathan Hackett, a consultant director at Bond Wolfe, explained that the sale of the freehold property is subject to a lease that still has nearly five years remaining, with tenants responsible for the payment of all utility bills.
Mr Hackett said: “This is an unusual but highly valuable HMO investment which could bring an attractive yield of up to some ten per cent, based on the guide price.
“The ground floor opens into a hall with access to a cellar, which is used as a laundry room, two interconnected kitchens, a communal reception room, communal bathroom and two communal toilets, and eight bedrooms, some with en suite facilities.
“On the first floor is a landing with a communal bathroom, communal shower room with toilet, and a further communal shower and communal toilet, along with ten bedrooms, some again having en suite facilities.
“There is an attic bedroom on the second floor, and the property benefits from gas central heating and double glazing to the majority of the windows.
“The property, which has a shared rear yard and driveway parking, comes with emergency lighting, mains smoke alarms and is furnished, with all furniture to be included in the sale.”
The HMO property is among scores of properties due to appear in Bond Wolfe’s next auction which is due to start at 9am on Wednesday 14 December.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.