4 bed terraced house for sale

Earlsdon Avenue North, Coventry CV5

Property Reference number : 640084

Turn-Key 4-Bed Licensed HMO | £2,590 pcm | ~10% Yield | Fully Let Since 2019 | Earlsdon CV5

An opportunity to acquire a fully operational, high-specification 4-bedroom licensed HMO in one of Coventry’s most established student rental locations.

The property is offered fully furnished with tenants in situ, providing immediate income from completion and a proven, repeatable letting model.

💼 Investment Overview
£2,590 pcm current rent (bills included)
£31,080 per annum (12-month equivalent)
£25,900 typical student tenancy income
Forward pricing circa £2,500 pcm for upcoming academic cycle
100% occupancy since 2019 (no voids)
Approx. 10.3% gross yield (based on current rent)

The property has achieved full occupancy at this rental level since 2019, with rooms re-let quickly each cycle.

Rooms are typically re-let via simple online advertising, with strong interest from both Coventry and Warwick students(typically let to Post Grad but also undergrad).

🔄 Letting Model & Future Positioning

The property has historically operated on academic-year aligned tenancies, 🛠️ Refurbishment & Specification

Comprehensively refurbished in 2019 to a high standard above typical HMO requirements:

• Full rewire
• New central heating system (Baxi Platinum Combi)
• Three en-suite shower rooms
• Additional ground-floor shower/WC
• Fire doors throughout
• Hard-wired fire alarm system
• a-rated double glazing
• Secure UPVC external doors
• Landscaped low-maintenance garden

The specification was deliberately designed to minimise ongoing maintenance and sustain strong tenant demand.

🛏️ Accommodation

Ground Floor
Room 1 - Large front double bedroom (~12.6m2); communal lounge with 55” uhd TV; modern fitted kitchen; shared shower/WC.

First Floor
Bedroom 2 – rear (~9.8m2) with en-suite
Bedroom 3 – middle (~8.3m2) with en-suite
Bedroom 4 – front (~13.9m2) with en-suite

All bedrooms fully furnished with smart TVs.

📊 Operating Profile
Bills-inclusive model
Typical running costs ~£340 pcm
No council tax (student exemption)
Annual advertising cost ~£70
Self-managed (no agent fees)
📜 Planning & Licensing
Licensed small HMO (continuous since 2019)
Current licence valid to 2030
Established lawful use predates Article 4
Strong compliance history

Full compliance documentation available.

📍 Location

Earlsdon Avenue North is a well-established student and professional area with strong transport links to both universities and consistent rental demand.

📦 Sale Position
Sold fully furnished
Tenants in situ
Income from day one

Detailed income history and compliance pack available to serious purchasers.

Council Tax: B

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Property Reference number : 640084