39, Park Road, Rugby, Warwickshire CV21 2QU

** IN THE ROOM AND LIVESTREAM AUCTION **

To be sold via Public Auction on Thursday 26th March 2026 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ

Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.

GUIDE PRICE: £330,000 - £350,000

Tenanted investment opportunity. 3 storey end terraced property with 6 let rooms achieving £42,240 p.a. (gross), yield circa 13%. Current HMO licence (not transferable) granted until 2028 with approval for upto 10 occupants. Approximately 0.7 miles to the town centre and 0.5 miles to the Railway station.

ACCOMMODATION
GROUND FLOOR
Hallway:
Room 1: 14 ft max x 12 ft 2 in max
Room 2: 13 ft 9 in x 9 ft 9 in
Kitchen/Lounge: 20 ft 10 in x 9 ft 2 in
Shower room:
W.C.
FIRST FLOOR
Room 5: 10 ft 10 in x 9 ft 2 in
Room 4: 12 ft 10 in x 9 ft 11 in max
Room 3: 11 ft 8 in max x 16 ft 4 in
Shower room:
W.C.
SECOND FLOOR
Room 6: 16 ft 10 in max x 16 ft 4 in

OUTSIDE
Front: Paved area.
Rear: Paved area.

On street parking.

SERVICES AND HEATING
Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

Gas central heating.

PLANNING
Decision made on: 4 December 2023

"Change of use from dwelling house (C3) into a total of 6 rooms HMO, allowing a total of 10 residents"

Planning reference: APP/E3715/W/23/3323021

For further information please contact:
Rugby Council

EPC RATING - D


COUNCIL TAX BAND - C


TENURE
Freehold subject to tenancies.

TENANCIES
Assured Shorthold Tenancy
Room 1
Term: 6 months from 01/06/2024 (now rolling)
Rent payable: £600 p.c.m.
Room 2
Term: 6 months from 14/09/2024 (now rolling)
Rent payable:£575 p.c.m.
Room 3
Term: 6 months from 14/09/2024 (now rolling)
Rent payable: £600 p.c.m.
Room 4
Term: 6 months from 14/09/2024 (now rolling)
Rent payable: £575 p.c.m.
Room 5
Term: 6 months from 11/09/2024 (now rolling)
Rent payable: £575 p.c.m.
Room 6
Term: 6 months from 05/10/204 (now rolling)
Rent payable: £595 p.c.m.

ADDITIONAL COSTS
Administration Fee: £2,040 (£1,700 plus VAT)
Please see the legal pack for any further costs.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.