Gulson Road

INVESTMENT OVERVIEW

An excellent opportunity to acquire a fully tenanted, high-yielding 6-bedroom, 6 en-suite HMO property located in a prime rental area of Coventry, within close proximity to Coventry University and the city centre.

The property is fully let to a mix of students and recent graduates, offering immediate income from completion.

INCOME PROFILE

• 6 Rooms at £500 pcm
• Total Monthly Income: £3,000
• Total Annual Gross Income: £36,000

Outgoing Costs (Annual)

• Gas & Electricity: £3,000
• Water: £500
• Council Tax: £1,500
• Internet: £400
• Cleaning: £800

Total Annual Running Costs: £6,200

Net Income

• Net Annual Income: £29,800

YIELD ANALYSIS

• Gross Yield: 11.08%
• Net Yield (after running costs): 9.17%

This represents a strong return compared to traditional buy-to-let investments and current market conditions.

LICENSING & COMPLIANCE

• Full HMO Licence granted by Coventry City Council
• Licence valid from 22nd April 2024
• Valid for 5 years
• Permitted for 6 persons from 6 households

The property is fully compliant and operating within local authority regulations.

PLANNING APPROVAL

Planning permission has been granted for a rear extension, providing future asset management or value-add potential.

Coventry Planning Reference: https://planandregulatory.coventry.gov.uk/planning/index.html?fa=getApplication&id=139506

CONDITION & EPC

• EPC Rating: D (assessment carried out in 2019)
• The property has been refurbished since the EPC was conducted, suggesting potential for an improved rating upon reassessment.

OWNERSHIP STRUCTURE

The property is currently held within a limited company, with the property as its sole asset. This may provide potential tax efficiencies for investors seeking a corporate acquisition (subject to legal and financial advice).

WHY INVEST IN GULSON ROAD?

• Fully tenanted – immediate income from day one
• Strong double-digit gross yield
• High-demand student location
• 6 en-suite configuration (premium rental model)
• Long-term HMO licence in place
• Planning approval for future extension
• Potential for company purchase
• Refurbished property

Coventry continues to demonstrate strong rental demand driven by its large student population and ongoing city centre regeneration, making this an attractive long-term income-producing asset.