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See how verdicts work4-bedroom flat · CV1 3AN
For saleListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well maintained house conversion that comprises of four self-contained flats all of which are currently tenanted and it is currently producing an annual income of £29,580 with scope to achieve more.
The property is currently operating as a licensed HMO and is set on a side street just off the bottom of the Holyhead Road with excellent transport links and is also within walking distance to the City Centre.
All of the flats are well presented and come fully furnished to include white goods and are very easily let once they become available.
The building is fully double glazed and each apartment has electric heating and externally there is a small fore garden and to the rear there are two private gardens included with the two ground floor flats.
Flat One - Flat one is a well presented one bedroom ground floor flat briefly comprising of open plan living room/fitted kitchen to include built in electric oven/hob, fridge/freezer and washing machine, double bedroom with large mirrored fitted wardrobes and shower room.
Other benefits include a well kept, split level paved garden.
Current Monthly Rental is £650.00pcm Flat Two - Flat two is a modern studio apartment and comprises of a living area, fitted kitchen with fridge/ freezer, electric hob/oven & washing machine, and a part tiled shower-room with shower cubicle.
Other features include a private paved patio.
Current Monthly Rental is £595.00pcm Flat Three - Flat three is a well-presented one bedroom first floor flat with double glazing and storage heating which benefits from an open plan living area with modern fitted kitchen with oven and hob, washing machine, and fridge/freezer and tiled shower room.
Current Monthly Rental is £625.00pcm Flat Four - Flat four is a one bedroom first floor studio style apartment, with double glazing and storage heating.
Comprising of a lounge/bedroom, separate modern fitted kitchen with oven and hob, washing machine, dishwasher and fridge/freezer and bathroom with white suite, bath and electric shower.
Current Monthly Rental is £595.00pcm Communal Entrance & Areas - From the entrance door there is an entry intercom system for each apartment which leads through to the hallway with flats one and two just off and a staircase up to the first floor landing where flats three and floor are situated.
The communal areas are well kept and are in good decorative order. ENERGY RATING FOR EACH INDIVIDUAL FLAT IS D, OTHER THAN FLAT 2 WHICH IS AN E.
Tenure - Freehold - The agent has been informed that the property is offered freehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.
Viewings - Viewings are strictly by appointment only via Archer Bassett.
Value & comps
No previous sales on record.
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 asking
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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 Melville Road, Lower Coundon, Coventry
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