2-bedroom flat · CV3 5NN
Sold STCListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
THE PROPERTY Fred Lee Grove, Coventry, CV3 5NP Asking price: £130,000 Potential rent: £925 pcm Potential net yield: 7.8% Service charge: £831.76 pa Ground rent: £10 pa EPC: C Lease: 101 years WHY THIS PROPERTY?
Strong net yield of 7.8%, significantly above the national residential buy-to-let average, calculated after all service charge and ground rent deductions.
Immediate income – fully tenanted and producing rent, with no void risk on acquisition.
Affordable entry point – priced from just £130,000, with 101-year leases and EPC ratings that meet current lettings legislation.
LOCATION: COVENTRY CV3 Coventry is one of the Midlands’ strongest buy-to-let markets, underpinned by: Two major universities – the University of Warwick and Coventry University together enrol over 60,000 students, generating consistent year-round rental demand from students and young professionals alike.
Excellent connectivity – direct rail to Birmingham in 20 minutes and London Euston in under 60 minutes, making the city highly attractive to commuters.
Ongoing regeneration – Coventry’s City of Culture legacy and continued infrastructure investment support both rental demand and longer-term capital growth prospects.
CV3 specifically is one of the city’s most in-demand residential postcodes, with a broad rental pool of students, young professionals, and key workers ensuring low void periods.
Value & comps
No previous sales on record.
Returns
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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.
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About Fred Lee Grove, Coventry
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