1/8
£175,000
3 beds · 3 baths
Binley Road, Coventry, CV3 1JE
0 miles
away
Added yesterday eXp UK
1/48
1/48
£1,000,000
Offers Over 16 bed house for sale Binley Road, Coventry, CV3 1JE
16
beds 16
baths Detached House
Tenure: ask agent
Added yesterday
About this property
Prime Freehold Investment – Fully Let Block, 29 Binley Road, Coventry An outstanding opportunity to acquire a freehold residential investment comprising that has been fully renovated and refurbished to an exceptionally high standard, both internally and externally. The property now provides six self-contained flats, all fully occupied on Assured Shorthold Tenancies (ASTs), delivering a strong and immediate income stream. Guide Price: Offers over £1,000,000Gross Income: £87,000 per annumGross Yield 8.
Key features
- KG1002 - Prime freehold residential investment delivering an impressive £87,000 gross annual income from day one.
- Fully let block of six self-contained flats – immediate cash flow with no void period.
- Strong 8.7% gross yield, offering an attractive return in a high-demand rental market.
- Comprehensively renovated throughout to an exceptional standard – truly turnkey with no major capital expenditure required.
- Diverse unit mix appealing to both professionals and students, supporting consistent occupancy.
- Tenants cover excess utilities and all flats are separately council tax rated, helping keep landlord costs low
- Secure gated parking, CCTV, and landscaped communal gardens enhance tenant satisfaction and retention.
- Modern kitchens and well-designed living spaces in every unit, promoting long-term rental appeal.
- Strategically located within walking distance of a major university and excellent transport links, ensuring reliable tenant demand.
- Rare opportunity to acquire a high-performing, fully stabilised asset with strong income and future growth potential.
Floorplan
Location
Binley Road, Coventry, CV3 1JE
- Council tax
- Band D (Approx £2,517/year)The agent has not stated the band, so band D is shown as the local reference: Coventry's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £1,000,000
£500k £1.5m
Deposit10% £100,000
£0 £1m
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £900,000 mortgage. Most lenders would want a household income of about £200,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in CV3 1JE. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 31, Binley Road Detached | Detached | Feb 2022 | 1,658 sq ft £217/sq ft | 1,658 sq ft | £217 | £360,000 |
| 41, Binley Road Detached | Detached | Jan 2022 | 2,594 sq ft £189/sq ft | 2,594 sq ft | £189 | £490,000 |
| 33, Binley Road Semi-detached | Semi-detached | Nov 2012 | 1,345 sq ft | 1,345 sq ft | — | £45,000 |
| 41, Binley Road Detached | Detached | Oct 2008 | 2,594 sq ft £146/sq ft | 2,594 sq ft | £146 | £380,000 |
| 27, Binley Road Semi-detached | Semi-detached | Jun 2001 | 958 sq ft £129/sq ft | 958 sq ft | £129 | £124,000 |
| 35, Binley Road Semi-detached | Semi-detached | Jun 2000 | 1,109 sq ft £70/sq ft | 1,109 sq ft | £70 | £77,950 |
| 27, Binley Road Semi-detached | Semi-detached | Nov 1999 | 958 sq ft £74/sq ft | 958 sq ft | £74 | £71,000 |
| 37, Binley Road Terraced | Terraced | Jan 1999 | — | — | — | £60,000 |
Area insights
The neighbourhood around this property.
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