**IDEAL FAMILY HOME**ATTENTION INVESTORS**GROSS 7.5% YIELD**RENTED FOR £1250PCM UNTIL SEPT 2024**Discover an exciting investment opportunity with Suttons Estate Agents! Presenting a strategically located 4-bedroom mid-terrace property offering a lucrative 7.14% gross yield and generating £1250PCM. Conveniently situated within walking distance to Coventry City Centre and Jubilee Crescent, this property promises not only immediate income but also a prime location.
Boasting a versatile layout, the ground floor features a communal shared lounge, a fitted kitchen with modern amenities, and a ground floor bedroom for added convenience. The low-maintenance rear garden with a storage outhouse provides outdoor space without the hassle.
On the first floor, three additional bedrooms offer ample living space, complemented by a part-tiled shower room featuring an electric shower. Practical features such as double glazing, gas central heating, and a boiler in the ground floor W/C enhance the property's appeal.
Currently rented until September 2024, the tenant has expressed interest in staying, offering a hassle-free investment. With the tenant's responsibility for bills and maintenance, this property ensures a streamlined investment experience. The gross yield of 7.5% adds financial appeal.
Additional benefits include no onward chain, Council Tax
Band A at £1530, an EPC rating of C, and a total floor area of 67 square meters
(721 square feet). Act now to seize this excellent investment opportunity! Should the purchasers wish to use the property as a potential hmo they will be required to go for planning with the council.
Measurements.
Bedroom 1 (ground floor front) - 7.66 x 11.08
Lounge - 12.16 x10.72
W/C - 3.45 x 2.57
Kitchen 11.27 x 6.24
——
1st floor
Bedroom 2 (front) - 11.10 x 10.80
Bathroom - 7 .76 x 3.17
Bedroom 3 (side) - tbc
Bedroom 4 - (rear) - 14.53 x 6.41
Tenure : Freehold
Council Tax Band : A
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
The team at Sutton's boasts more than 40 years of combined experience spanning three decades, our knowledge of Coventry and the surrounding villages..
info@suttonsestates.com 02476525111
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