Auction
Auction date passed
This lot went to auction on 12 October 2026 (7 days ago) but remains listed. It was still on the portal 2 days ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
Property · CV1 4AF
For saleListed 45 daysAuction 12 Oct · unsold, still listed
Opportunity summary
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About
To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 12th October 2026 (Visit auctionhouse.co.uk/online).
BIDDING OPENS: 13:00 on Monday 12th October 2026 AUCTION ENDS: 11:00 on Tuesday 13th October 2026 GUIDE PRICE: £20,000 + VAT Vacant car park located on the corner of St Nicholas Street and Drapers Fields.
Comprising 21 spaces and secured gated access. Potential for various uses subject to relevant consents. Site size approximately 0.18 acres.
LOCATION Positioned on the corner of St Nicholas Street, with the gated access off Drapers Fields. PLANNING Any enquiries please contact Coventry City Council. TENURE Freehold with vacant possession.
ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT) Buyers Premium: £1,200 (£1,000 plus VAT) Please see the legal pack for any further costs.
Tenure: See Legal Pack Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Car park area, Drapers Fields, Coventry Canal Basin, Coventry, West Midlands CV1 4AF
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