£280,000 /Sale price

The PropertyThis excellent investment opportunity is a licensed HMO located at Norman Avenue, Nuneaton, Warwickshire, CV11 5NY. The property comprises seven bedrooms, four of which benefit from en-suite facilities, offering strong rental potential. Five rooms are currently let, generating rental incomes of £525 pcm for bedroom one, £450 pcm for bedroom two, £525 pcm for bedroom three, £475 pcm for bedroom four, and £525 pcm for bedroom five. Two vacant rooms could achieve £525 pcm each, further maximizing the rental yield.Internally, the property is well laid out to accommodate multiple tenants. The entrance hall leads to a spacious open-plan kitchen and dining area, a downstairs shower room, a separate W/C, bedroom two with an en-suite, and bedroom five. On the first floor, there is bedroom one with an en-suite, bedroom three with an en-suite, and bedroom four, also featuring an en-suite. The second floor consists of bedrooms six and seven, providing additional living space.Situated within walking distance of Nuneaton town centre, the property offers easy access to a variety of amenities, including shops, restaurants, schools, and the shopping centre. The location benefits from excellent transport links, with the bus and train stations nearby, as well as convenient access to the A444, M6, and M1 motorways, making commuting simple and efficient. This HMO presents a fantastic investment opportunity in a prime location with strong rental demand.Viewings highly recommended to truly appreciate the accommodation on offer, book your viewing 24/7 by clicking the property brochure or call/online Purplebricks!Property Description DisclaimerThis is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you're traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You'll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.