2-bedroom house · CV1 3AG
Listing removedReduced £15k (−7.9%) on 10 JulListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* terraced house currently converted into 2 one bedroom flats * achieving £415 per month for ground floor flat * achieving £425 per month for first floor flat Nestled on Waveley Road in Coventry, this terraced house is currently split into two tenanted 1 bedroom flats achieving £415 per month & £425 per month.
This property presents a unique opportunity for both investors and homeowners alike offering this versatility and potential for rental income.
The EPC rating for 61A ( Ground Floor Flat ) is 69/ 75 and the EPC rating for 61B ( First Floor Flat ) is 72/ 77 with the opportunity to convert the two flats back into one house once the flats become vacant.
Incorporating entrance hall with access via entrance doors to both flats that incorporate Lounge, Kitchen, Bedroom & Bathroom with shared gardens to both the front and rear.
The property benefits from gas central heating, providing warmth and comfort throughout the colder months.
Located in a desirable area of Coventry, this apartment is well-positioned for local amenities, transport links, and green spaces, making it an ideal choice for those looking to enjoy the vibrant community being within walking distance of the city centre.
Whether you are seeking a new home or an investment opportunity, this property on Waveley Road is certainly worth considering.
With its current layout and tenant arrangements, it stands as a promising option in the Coventry housing market.
Entrance Hall Currently Let Ground Floor Flat Incorporates Lounge (3.65 x 3.40 (11'11" x 11'1")) Kitchen (3.17 x 2.55 (10'4" x 8'4")) Bedroom (3.67 x 3.38 (12'0" x 11'1")) Bathroom Landing Currently Let First Floor Flat Incorporates Lounge (3.65 x 2.70 (11'11" x 8'10")) Kitchen (3.43 x 2.55 (11'3" x 8'4")) Bedroom (4.30 x 3.63 (14'1" x 11'10")) Shower Room Front & Rear Gardens
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 61, Waveley Road, Coventry
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