House For Sale £160,000
Carmelite Road, Coventry, CV1 2BX

INVESTMENT OPPORTUNITY! IDEAL STUDENT LET!

Offered to the market is this spacious, two bedroom terraced property on Carmelite Road, in a prime student-let location. 

The property does require a full renovation, however offers excellent potential for an investor to modernise, remodify and reconfigure with the view to letting to students on a room by room basis, with current rental prices being approximately £550pcm, per room. On a single let basis, the property would be likely to achieve an excellent rental yield of approximately 7% per annum. 

The location boasts excellent transport links via the Coventry Ring Road, A45, M42, M6, local bus routes and is just 1.2 miles from Coventry Train Station. Carmelite Road is also approximately 0.5 miles from Coventry University. 

Amenities are readily available via local shops and supermarkets and Coventry City Centre is approximately 0.5 miles away. 

The property comprises of:

Approach

The property is approached via tarmac path leading to front door. 

Hallway

Having double glazed composite front door, laminate flooring, light point to ceiling, glazed wooden door and stairs to first floor. 

Lounge (10'2'' x 8'2'')

Having laminate flooring, double glazed window, central heating radiator, light point to ceiling, chimney breast and fireplace with surround.

Dining Room (11'5'' x 10'10'')

Having laminate flooring, central heating radiator, light point to ceiling, double glazed composite patio door, under-stairs storage and spotlights to ceiling. 

Kitchen (11'4'' x 5'10'')

Having tiled flooring, double glazed window, light point to ceiling, matching wall and base units, double sink, built-in oven and hob, space and plumbing for appliances.

Bathroom 

Having tiled flooring, radiator, double glazed window, light point to ceiling, bath with shower over and glass shower screen, pedestal wash hand basin and low level WC. 

Rear Garden

Having concrete pathway, lawn, brick and wooden fence panel borders.

Bedroom One (11'5'' x 9'10'')

Having carpet flooring, central heating radiator, double glazed window, light point to ceiling and built-in cupboard. 

Bedroom Two (11'5'' x 11')

Having carpet flooring, central heating radiator, double glazed window and light point to ceiling. 

The tenure of this property is Freehold. Council Tax Band A.