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Positioned in the heart of Coventry, Loveitts has proudly served the city since 1843, helping generations of homeowners successfully buy, sell, rent or let their property. From our offices in Warwick Row, our team of experts are on-hand to provide bespoke advice and valuable support for all matters relating to property, land, investments and professional advice. As Coventry and Warwickshire’s leading auctioneers, Loveitts also offers a comprehensive auction service, selling residential and commercial property, as well as land and development opportunities. Our business is built on a strong reputation that comes with over 175 years in business and we pride ourselves on helping our customers make the right property decision.

£150 tenancy agreement fee per-property and £120 admin fee (both inc. VAT) per-tenant. Other fees may apply.

Loveitts - Coventry

The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:<ul><li>A holding deposit (up to 1 week&#39;s rent)</li><li>A tenancy deposit of 5 weeks&#39; rent</li><li>A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher</li><li>Interest at a rate of 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue)</li><li>A payment of £50 inc VAT for the replacement of a lost key or security device</li><li>Payments associated with early termination of the tenancy when requested by the tenant</li><li>Payments to service providers in respect of utilities, communication services, TV licence and council tax</li><li>Other payments, permitted under appropriate legislation, including damages.</li></ul>The agent is a member of The Property Ombudsman Limited, which is a redress scheme, and RICS, which is a client money protection scheme.

A great opportunity to acquire this beautifully presented and stylish six bedroom, six en-suite property currently let and achieving an income of £43,000 per annum. The property has recently had a HMO Licence granted (non-transferable) and is perfect for an investor looking to start or expand their current portfolio with a current yield of 9.6%. The accommodation on offer comprises of six well designed bedrooms all benefitting from their own en-suite shower room, wardrobe, TV and desk area. Located on the ground floor are two bedrooms and a stunning kitchen/dining/lounge area, to the first floor are three spacious bedrooms and positioned on the second floor are a further two rooms. Further benefits include gas central heating, double glazing throughout, CCTV, remote monitoring heating system and a low maintenance rear garden with artificial grass.

Property reference 33486518. The information displayed about this property comprises a property advertisement. We Are The Market and OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Loveitts - Coventry.

 OnTheMarket may have applied supplementary data to this property listing, including:

 Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021

 Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

 Basic: Up to 30 Mbit/s 
 Super-fast: Between 30 Mbit/s and 300 Mbit/s 
 Ultra-fast: Over 300 Mbit/s

 The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: <a href="https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2">https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2</a>

 Mobile phone signal availability and predicted strength: obtained from Ofcom on December 30, 2021

 Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

 Clear: No bars, no signal predicted 
 Red: One bar, reliable signal unlikely 
 Amber: Two bars, may experience problems with connectivity 
 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
 Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

 Energy Performance data and Internal floor area: obtained on February 2, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

 Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See <a href="https://www.onthemarket.com/terms/#other">here</a> for more information.

DISCLAIMER

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.

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Knowing the tenure is important because it affects your rights and costs associated with the property.

                                  If you do not know the tenure, you will not know how you will legally own the property and if there are any further costs & obligations you must comply with.

Tenure

If you do not know the Council Tax band you will not know how much you need to pay.

Council tax

If you don't know the type of utilities which the property has, there may be additional costs, for example an adequate broadband connection may not be available.

Broadband

If you don't know the type of utilities which the property has, there may be additional costs, for example adequate mobile reception may not be available.

Mobile signal

If you don't know the type of utilities which the property has, there may be additional costs, for example if the water supply comes from a private well which requires regular maintenance or has water quality requirements.

Water

Knowing the nature of your heating supply is important as there may be additional considerations, for example if the property is not connected to the mains gas line and has an LPG heating system.

Heating

Knowing the nature of your electricity supply is important as there may be additional considerations, for example if the property is not connected to the national grid and has a generator instead.

Electricity

If you don't know the type of utilities which the property has, there may be additional costs, for example if the property has a septic tank that requires regular maintenance and emptying.

Sewerage

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Terraced house on Kensington Road for sale

6 bedroom terraced house for sale

Hearsall Community Academy

Earlsdon Primary School

All Souls' Catholic Primary School

I am a first-time buyer

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I have a property to let

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Coventry

Canley

Tile Hill

A great opportunity to acquire this beautifully presented and stylish six bedroom, six en-suite property currently let and achieving an income of £43,000 per annum. The property has recently had a HMO Licence granted (non-transferable) and is perfect for an investor looking to start or expand...

6 bedroom terraced house for sale

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