Land · CV2 1SE
For saleListed 15 daysAuction 12 Nov · in 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Parcel of land approximately 0.43 acres. Potential for various uses, subject to consents and access.
LOCATION
The site can be found on the left hand side upon entering Lucerne Close off Eburne Road to the north of Coventry heading towards Exhall and Bulkington.
SERVICES
No services are connected.
PLANNING
The site is being sold with no planning permission in place. There was a refused application Ref: PL/2026/0000196/FUL
For any planning enquiries please contact: Coventry City Council
TENURE
Freehold with vacant possession.
ADDITIONAL COSTS
Administration Fee: £1,440 (£1,200 plus VAT) Buyers Premium: £2,400 (£2,000 plus VAT) Please see the legal pack for any further costs.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
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.
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 Land Lucerne Close, Aldermans Green, Coventry, West Midlands CV2 1SE
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