Converted Coventry period properties go up for sale at auction

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Converted Coventry period properties go up for sale at auction

Postby dutchman » Fri Dec 08, 2023 5:14 am

The terraced houses are now self-contained bedsits and are going up for auction

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A pair of converted period properties on the same Coventry street that are both 'producing substantial rents' are going under the hammer. The self-contained flats on Northumberland Road are going up for auction with Bond Wolfe, with a guide prices of £170,000.

Jonathan Hackett, consultant director at Bond Wolfe, said that both properties each hosted six self-contained bedsits, with No. 6 bringing in total rents of £42,000 a year and No. 38 bringing in total rents of £37,200 a year. Mr Hackett added: “These are both mid-terraced converted houses that stand back from the road behind small front gardens, and each also have back gardens.

"The property at No. 6 has an entrance that opens into a hall with an understairs store. There are three bedsitting rooms downstairs, two with kitchenettes and shower rooms with toilets, and one with a separate kitchen and shower room with toilet.

“There is a landing upstairs which leads to three more bedsitting rooms, each incorporating a kitchenette and shower room with toilet. The property, which has emergency lighting, mains smoke alarms and gas central heating, is freehold, subject to the existing tenancies.

“These are all assured shorthold tenancies, with five at £600 a month and the other at £500 per month, together totalling £42,000 a year. The property at No. 38 also has an entrance into a hall, and this one has an understairs store which includes a washing machine and shower room with toilet.

“Also on the ground floor are two bedsitting rooms, both with kitchenettes and one with its own shower room with toilet, and a third unit with an open plan reception room and kitchen, separate bedroom and shower room with toilet. Upstairs is a landing leading to three bedsitting rooms, all with kitchenettes and shower rooms with toilets.

“This property also has emergency lighting, mains smoke alarms and gas central heating, and is freehold, subject to the existing tenancies. Two of the units are rented out at £600 a month, one at £550 a month, two at £500 a month and one at £350 a month, together totalling £37,200 a year.”

The Coventry properties are two of the 156 lots that are appearing in Bond Wolfe’s next auction, which will start at 9am on Thursday, December 14.

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Re: Converted Coventry period properties go up for sale at auction

Postby dutchman » Fri Dec 08, 2023 5:22 am

"Self-contained" except for kitchen, bathroom and toilet. In other words a "bedroom". :clown:

Incidentally the city planning portal has no record of any change of use for No.2 or No.38 in what is supposedly a conservation area. :roll:
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