5-bedroom detached house · CV6 6AZ
SoldListed 304 daysAuction 26 Feb · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction -. Bidding for this property closes on 26th February 2026 at 12:15 pm.
Online Auction Open to prior-auction offers Interested parties are invited to register via our website to bid.
The property comprises a conversion of four self contained apartments with off street car parking to the rear.
Three of the properties have 1 bedroom whilst the fourth property consists of two bedrooms.
The properties are all fully let on an Assured Short hold Tenancy agreements, at a passing rent of £2,675 pcm (£32,100 per annum). Flat 2: One Bedroom, Bathroom, Kitchen, Living Room.
Flat 2a: One Bedroom, Bathroom, Kitchen, Living Room. Flat 2b: One Bedroom, Bathroom, Kitchen, Living Room. Flat 2c: Two Bedrooms, Bathroom, Kitchen, Living Room.
The property is situated on Lady Lane, opposite the junction with The Croft, leading directly off the B4113 Longford Road.
The property is located approximately three miles north of Coventry City Centre and one mile from Junction 3 of the M6 motorway.
Key Information Tenure: Freehold EPC Rating: C, D, D, C Completion period: 28 days Internal viewings are available strictly by appointment.
Completion The completion period for this property is 28 days. Common Auction Conditions This property is sold subject to our Common Auction Conditions (a copy is available on our website).
Buyers Administration Fee The purchaser will be required to pay an administration fee of £1,800 inc VAT, whether the property is bought before, on, or after the auction date.
Legal Pack Purchasing a property at auction is a firm legal commitment equivalent to signing a contract by private treaty. Prospective buyers must consult with their legal adviser before bidding.
The legal pack can be viewed online via our website.
At the time of going to print, the Auctioneers were unable to inspect the property internally; therefore, the accommodation details should not be relied upon.
Guide Price & Reserve Price Each property sold is subject to a Reserve Price, which will be within +10% of the Guide Price.
The Guide Price is provided solely to help buyers decide whether to pursue their interest.
Important Notice / Disclaimer In accordance with RICS guidance, these particulars are prepared in good faith and are intended to give a fair description of the property.
At the time of publication, the Auctioneers were unable to inspect the property internally.
Consequently, any details relating to the accommodation, floor areas, condition, fixtures, fittings, services, or any other aspects of the property are based on limited information and should not be relied upon as statements of fact.
Prospective purchasers are strongly advised to satisfy themselves as to the accuracy of the information provided by undertaking their own inspections, surveys, and enquiries prior to making any offer or bid.
Neither the Auctioneers nor the vendor give any representation or warranty, express or implied, as to the accuracy, completeness, or suitability of the information contained within these particulars.
Value & comps
No previous sales on record.
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Returns
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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 2 Lady Lane, Longford, Coventry, West Midlands, CV6 6AZ
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