Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom terraced house · CV6 5FD
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY A spacious four-bedroom HMO property located within easy reach of Coventry City Centre and Coventry University.
Offering well-proportioned accommodation, communal living space and excellent rental potential, this property is an ideal investment opportunity in a sought-after rental location.
DESCRIPTION An excellent investment opportunity, this substantial four-bedroom HMO property is ideally situated in a popular residential location close to Coventry City Centre, Coventry University and a wide range of local amenities.
Currently configured as a House in Multiple Occupation, the property offers spacious and flexible accommodation, making it an attractive prospect for investors seeking a ready-made rental property.
The accommodation comprises a generous communal living area, fitted kitchen, four well-proportioned bedrooms two and three with ensuites and bathroom facilities arranged to suit shared living.
The layout provides comfortable accommodation for tenants whilst maximising rental potential.
Externally, the property benefits from a private rear garden, offering additional outdoor space for occupants. Further features include gas central heating and double glazing throughout.
Conveniently positioned for access to Coventry University, the city centre, public transport links and major road networks, the property is ideally placed to appeal to students and professional tenants alike.
With strong rental demand in the area, this property represents a fantastic investment opportunity with long-term income potential, currently £1710 PCM, No Arrears Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Approach Front door leading to: Reception Room Double glazed window to the front aspect, stairs rising to the first floor and a radiator.
Internal Hallway understairs cupboard and door to: Kitchen The kitchen has a range of wall and base units with a stainless steel sink and drainer unit with work surfaces and tiles splashbacks over, gas cooker point, plumbing for washing machine, double glazed window to the side aspect, door leading to the rear garden and further door to: First Floor Landing doors leading to: Bedroom One Double glazed window to the rear aspect, radiator and door to: En-Suite Being tiled and comprising a shower cubicle, low level wc and a wash hand basin.
Bedroom Two Double glazed window to the rear aspect, radiator and door to: En-Suite Being tiled and comprising a low level wc, shower cubicle and a wash hand basin.
Bedroom Three Double glazed window to the front aspect and a radiator. Ensuite Being tiled and comprising a low level wc, shower cubicle and a wash hand basin.
Bedroom Four (ground Floor) Double glazed window to the rear aspect and a radiator, this room has it's own ground floor bathroom.
Bathroom (Ground Floor) Being part tiled and comprising a bath with shower over, low level wc, wash hand basin, radiator and double glazed window to the side aspect.
Outside To the front is a paved foregarden. To the rear is a patio area with a side gate providing a right of way. 1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Oliver Street, Coventry
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