House For Sale £430,000
Extended Mid Terrace | newly redecorated | fully fitted kitchen | Garden to Front and Rear | No Chain | Double Glazing | GCH
Description
A well planned investment property to add to any portfolio!
Genie Homes are pleased to offer this well presented 7 bedroomed property, situated in the Canley area of Coventry. Refurbished in 2020, complete internal decoration in October 2022.
The location is key here, set back on a quiet road in CV4, the house is attractive to professional tenants who want to live near Coventry City Centre but within a more rural setting. Centenary Road keeps the family home feel whilst still catering to 7 individual tenants, and as a result, the type of tenants that this property attracts is ideal for an investment property. The property has good sized rooms which are all fully furnished
On the ground floor, Bedroom 1, split modern kitchen / dining / living room. On the first floor, we have bedrooms 2,3 and 4, together with 2 individual bathrooms. The second floor consists of bedrooms 5,6 and 7 and the third bathroom.
All services have been upgraded accordingly.
Private low maintenance rear garden with a patio area.
Canley, Coventry benefits from easy access to the city centre via the A429 and from Centenary Road to the Coventry Station Square train stations just 13 minutes away. The town centre is only a short distance via bus or by car. The house is within easy walking distance of all bus routes into Coventry City Centre.
Areas of interest: University of Warwick University Hospital Coventry & Warwick, Aldi, Asda & Tesco supermarkets, Cannon Park shopping Centre, Xcel Leisure Centre, Westwood Business Park, The place Westwood Health Sports and Conference Centre & many more local amenities.
All the rooms are currently being utilised as serviced accommodation for professionals, and produce good income. This investment will pay back from day 1 of purchase.
There is scope to increase the rental potential with a more modern approach to decor.
Full planning on the planning portal for 7 bedrooms.
Council Tax Banding A
Entrance Hallway (1.78 x 3.05 (5'10" x 10'0"))
Entrance Hallway leading to bedroom 1, stairs to first floor landing and large open plan kitchen, dining room and lounge area.
Lounge (3.64 x 4.07 (11'11" x 13'4"))
Open plan kitchen dining room area. Includes corner sofa, light oak coffee tables, matching corner tv unit, wood effect flooring throughout, Double Glazed Patio doors leading to the outside patio garden area.
Kitchen (1.87 x 4.25 (6'1" x 13'11"))
Fully fitted with a large central island. Matching range of base and wall units with worktop, stainless steel sink with mixer tap. Free standing fridge/freezer, integrated cooker and electric hob, double glazed window to rear. (All white goods included within the sale)
Bedroom 1 Ground Floor (3.71 x 3.32 (12'2" x 10'10"))
Good sized room with double glazed window at the front of the property. Fully carpeted, wall mounted radiator, free standing wardrobe, side table and 4ft double bed.
Bedroom 2 First Floor (2.55 x 3.93 (8'4" x 12'10"))
Mid sized room with double glazed two small windows to the front of the property. Fully carpeted, wall mounted radiator, with built in wardrobe, side table & bed.
Bedroom 3 First Floor (3.74 x 3.58 (12'3" x 11'8"))
Large bedroom to the rear of the property with double glazing, fully carpeted, with wall mounted radiator, free standing wardrobe and bed.
Bedroom 4 First Floor (3.74 x 3.75 (12'3" x 12'3"))
Large bedroom to the front of the property with double glazing and wall mounted radiator. Fully carpeted with built in wardrobe, side table, bed
Large Bathroom 1 First Floor (2.18 x 2.40 (7'1" x 7'10"))
Toilet, walk in corner shower unit with electric shower, wash basin with built in storage cupboard, heated chrome towel rail.
Bathroom 2 First Floor (1.50 x 1.61 (4'11" x 5'3"))
Toilet, walk in corner shower unit, wash basin, heated chrome towel rail.
Bathroom 3 Second Floor (1.63 x 2.92 (5'4" x 9'6"))
Toilet, walk in corner shower unit, wash basin with over mirror and glass shelf, heated chrome towel rail.
Bedroom 5 Second Floor (2.96 x 3.16 (9'8" x 10'4"))
Large bedroom built in wardrobe, wall mowith double glazed window, fully carpteted, wall mounted radiators, side table and bed.
Bedroom 6 Second Floor (3,50 x 3.16 (9'10", 164'0" x 10'4"))
Large bedroom with double glazing, fully carpeted, wall mounted radiator, built in wardrobe, fully carpeted. Side table and bed
Bedroom 7 Second Floor (2.67 x 3.61 (8'9" x 11'10"))
Large bedroom with skylight and double glazed window, fully carpeted, wall mounted radiator, built in wardrobe, side table and bed
Rental Breakdown
Rental per room per month based on current usage
Room 1 £546
Room 2 £546
Room 3 £546
Room 4 £546
Room 5 £546
Room 6 £546
Room 7 £546
These figures are based on each room being rented on a weekly basis to local contractors. There are no ASTs in place.
Monthly Rental Income £3,822
Annual Rental Income £45.864
Annual Yield 10.6%
Buyers Fee And Reservation
We charge a 2% Buyers Reservation Fee of the Purchase Price, inclusive of VAT.
We pride ourselves on our simple and secure buying process.
Please Contact us to arrange a viewing. We may ask you to provide Proof of funds / 25%
Deposit and Photographic Identification, to establish your commitment and to ensure that
there is minimal disruption to any tenants at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, a reservation fee is applicable of 2% of the purchase
price. As soon as payment has been received, the property is taken off the market. The
benefits of this are:
Our properties are sold at a realistic price to sell, providing transparency from the
outset
This approach allows you to secure the property and start the conveyancing process
quickly
Reservation of the property removes the element of competitive bidding and being
gazumped
The risk of the sale falling through is also minimized
All of these elements provide some peace of mind from the outset, along with our personal
and proactive approach, we look forward to hearing from you soon.
Please note:
Should the property purchase not complete the reservation fee will be non refundable
unless;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability
Disclaimer
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
To be confirmed by the Vendor’s Solicitors
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
Description
A well planned investment property to add to any portfolio!
Genie Homes are pleased to offer this well presented 7 bedroomed property, situated in the Canley area of Coventry. Refurbished in 2020, complete internal decoration in October 2022.
The location is key here, set back on a quiet road in CV4, the house is attractive to professional tenants who want to live near Coventry City Centre but within a more rural setting. Centenary Road keeps the family home feel whilst still catering to 7 individual tenants, and as a result, the type of tenants that this property attracts is ideal for an investment property. The property has good sized rooms which are all fully furnished
On the ground floor, Bedroom 1, split modern kitchen / dining / living room. On the first floor, we have bedrooms 2,3 and 4, together with 2 individual bathrooms. The second floor consists of bedrooms 5,6 and 7 and the third bathroom.
All services have been upgraded accordingly.
Private low maintenance rear garden with a patio area.
Canley, Coventry benefits from easy access to the city centre via the A429 and from Centenary Road to the Coventry Station Square train stations just 13 minutes away. The town centre is only a short distance via bus or by car. The house is within easy walking distance of all bus routes into Coventry City Centre.
Areas of interest: University of Warwick University Hospital Coventry & Warwick, Aldi, Asda & Tesco supermarkets, Cannon Park shopping Centre, Xcel Leisure Centre, Westwood Business Park, The place Westwood Health Sports and Conference Centre & many more local amenities.
All the rooms are currently being utilised as serviced accommodation for professionals, and produce good income. This investment will pay back from day 1 of purchase.
There is scope to increase the rental potential with a more modern approach to decor.
Full planning on the planning portal for 7 bedrooms.
Council Tax Banding A
Entrance Hallway (1.78 x 3.05 (5'10" x 10'0"))
Entrance Hallway leading to bedroom 1, stairs to first floor landing and large open plan kitchen, dining room and lounge area.
Lounge (3.64 x 4.07 (11'11" x 13'4"))
Open plan kitchen dining room area. Includes corner sofa, light oak coffee tables, matching corner tv unit, wood effect flooring throughout, Double Glazed Patio doors leading to the outside patio garden area.
Kitchen (1.87 x 4.25 (6'1" x 13'11"))
Fully fitted with a large central island. Matching range of base and wall units with worktop, stainless steel sink with mixer tap. Free standing fridge/freezer, integrated cooker and electric hob, double glazed window to rear. (All white goods included within the sale)
Bedroom 1 Ground Floor (3.71 x 3.32 (12'2" x 10'10"))
Good sized room with double glazed window at the front of the property. Fully carpeted, wall mounted radiator, free standing wardrobe, side table and 4ft double bed.
Bedroom 2 First Floor (2.55 x 3.93 (8'4" x 12'10"))
Mid sized room with double glazed two small windows to the front of the property. Fully carpeted, wall mounted radiator, with built in wardrobe, side table & bed.
Bedroom 3 First Floor (3.74 x 3.58 (12'3" x 11'8"))
Large bedroom to the rear of the property with double glazing, fully carpeted, with wall mounted radiator, free standing wardrobe and bed.
Bedroom 4 First Floor (3.74 x 3.75 (12'3" x 12'3"))
Large bedroom to the front of the property with double glazing and wall mounted radiator. Fully carpeted with built in wardrobe, side table, bed
Large Bathroom 1 First Floor (2.18 x 2.40 (7'1" x 7'10"))
Toilet, walk in corner shower unit with electric shower, wash basin with built in storage cupboard, heated chrome towel rail.
Bathroom 2 First Floor (1.50 x 1.61 (4'11" x 5'3"))
Toilet, walk in corner shower unit, wash basin, heated chrome towel rail.
Bathroom 3 Second Floor (1.63 x 2.92 (5'4" x 9'6"))
Toilet, walk in corner shower unit, wash basin with over mirror and glass shelf, heated chrome towel rail.
Bedroom 5 Second Floor (2.96 x 3.16 (9'8" x 10'4"))
Large bedroom built in wardrobe, wall mowith double glazed window, fully carpteted, wall mounted radiators, side table and bed.
Bedroom 6 Second Floor (3,50 x 3.16 (9'10", 164'0" x 10'4"))
Large bedroom with double glazing, fully carpeted, wall mounted radiator, built in wardrobe, fully carpeted. Side table and bed
Bedroom 7 Second Floor (2.67 x 3.61 (8'9" x 11'10"))
Large bedroom with skylight and double glazed window, fully carpeted, wall mounted radiator, built in wardrobe, side table and bed
Rental Breakdown
Rental per room per month based on current usage
Room 1 £546
Room 2 £546
Room 3 £546
Room 4 £546
Room 5 £546
Room 6 £546
Room 7 £546
These figures are based on each room being rented on a weekly basis to local contractors. There are no ASTs in place.
Monthly Rental Income £3,822
Annual Rental Income £45.864
Annual Yield 10.6%
Buyers Fee And Reservation
We charge a 2% Buyers Reservation Fee of the Purchase Price, inclusive of VAT.
We pride ourselves on our simple and secure buying process.
Please Contact us to arrange a viewing. We may ask you to provide Proof of funds / 25%
Deposit and Photographic Identification, to establish your commitment and to ensure that
there is minimal disruption to any tenants at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, a reservation fee is applicable of 2% of the purchase
price. As soon as payment has been received, the property is taken off the market. The
benefits of this are:
Our properties are sold at a realistic price to sell, providing transparency from the
outset
This approach allows you to secure the property and start the conveyancing process
quickly
Reservation of the property removes the element of competitive bidding and being
gazumped
The risk of the sale falling through is also minimized
All of these elements provide some peace of mind from the outset, along with our personal
and proactive approach, we look forward to hearing from you soon.
Please note:
Should the property purchase not complete the reservation fee will be non refundable
unless;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability
Disclaimer
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
To be confirmed by the Vendor’s Solicitors
Possession
Tenanted
Viewing
Viewing strictly by appointment through Genie Homes
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
