5 bed semi-detached house for sale

Park Road, Kenilworth, Warwickshire CV8

**open house – Friday 31st July, 12:00 pm – 2:00 pm - Please call us to register your interest and secure your viewing appointment.**Licensed 5-Bedroom HMO Investment with Development Potential**

An excellent opportunity to acquire a licensed five-bedroom HMO in a prominent and convenient Kenilworth location, currently producing an annual gross income of approximately £25,680 with tenants in situ.
In addition to its established rental income, the property benefits from planning permission previously granted for conversion into two self-contained flats, presenting an attractive alternative strategy for investors and developers. Further information relating to the previous consent can be made available upon request.

The accommodation extends to approximately 1,085 sq ft (100.8 sq m) and comprises five letting rooms arranged over two floors, a communal lounge, fitted kitchen and two bathrooms, one on each floor. The layout has been designed to cater for professional tenants, providing practical communal facilities and well-proportioned accommodation throughout. To the rear, the property enjoys the use of two parking spaces located adjacent to the building. We understand these are provided by way of rights granted and are not included within the property's registered title. Purchasers should satisfy themselves as to the nature and extent of these rights.
The property benefits from a current HMO licence issued by Warwick District Council and is approved for occupation by up to five residents.

Why Invest?
A rare opportunity to acquire a licensed HMO in the heart of Kenilworth producing an attractive gross yield of approximately 10.3% at the asking price. With immediate rental income, an established tenant base and opportunities to enhance future returns, this property represents an appealing addition to any investment portfolio.

Viewing Strictly by Appointment.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

BED260164/8

Ground Floor

Communal Lounge (4.85m x 3.3m (15' 11" x 10' 10"))

Kitchen (3.26m x 2.18m (10' 8" x 7' 2"))

Bedroom (3.9m x 2.8m (12' 10" x 9' 2"))

Bedroom (3.9m x 2.8m (12' 10" x 9' 2"))

Bathroom

First Floor

Landing

Bedroom (4m x 3.34m (13' 1" x 10' 11"))

Bedroom (3.1m x 3.28m (10' 2" x 10' 9"))

Bedroom (2.9m x 2.4m (9' 6" x 7' 10"))

Bathroom

Outside

Front Courtyard Garden