16 bed detached house for sale

Binley Road, Coventry CV3

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: £1,200,000
Gross Income: £88,800 per annum
Gross Yield 7.4%
Operating Costs: Approximately 20% of gross rent

All flats are separately rated for council tax, and tenants pay excess electric and gas costs, helping to minimise landlord outgoings. The building benefits from secure gated parking, CCTV, and attractive communal garden areas with seating to the rear. Each flat also features communal living areas, enhancing tenant comfort and long-term appeal.

Ideally positioned within walking distance to Coventry University and with a mainline bus stop located directly outside, the property attracts a strong tenant base comprising a mixture of professionals and students.

Accommodation & Specification
No expense has been spared in the refurbishment. Every unit includes a modern fitted kitchen complete with washing machine, fridge/freezer, integrated oven, hob, and extractor, alongside a comfortable living space. Flats range in size and layout, offering 1,2,3, or 4-bedroom configurations, all en-suite or with sole-use bathrooms.

Flat Overview:

Flat 1 – Ground Floor: 3 bedrooms, 3 bathrooms, approx. 62 sq m. Tenancy until 28/02/2025 at £1,400 pcm.
Flat 2 – Ground Floor: 2 bedrooms, 2 bathrooms. Tenanted until August 2026 at £1,050 pcm.
Flat 3 – First Floor: 3 bedrooms, 3 bathrooms. Tenanted until January 2026 at £1,200 pcm.
Flat 4 – First Floor: 2 bedrooms, 2 bathrooms. Tenanted until September 2026 at £1,100 pcm.
Flat 5 – Ground Floor: 3 bedrooms, 3 bathrooms. Tenanted until September 2026 at £1,250 pcm
Flat 6 – Ground & First Floor: 3 bedrooms, 3 bathrooms. Tenanted until September 2026 at £1,400 pcm.
All EPCs are rated C.

This is a rare chance to secure a high-performing, turnkey investment in a sought-after location with excellent transport links and consistent rental demand.

Viewings are strictly by appointment. Please message with your availability, and arrangements will be made with the tenants accordingly.

Information on Anti-Money Laundering checks:

We are required by law to carry out Anti-Money Laundering checks on all individuals who are selling or buying a property. It is our responsibility to ensure that these checks are carried out correctly and monitored continuously. However, our partner, IAmProperty, will conduct the initial checks on our behalf. They will contact you once your offer has been agreed upon and we are in receipt of id.
These checks incur a non-refundable fee of £30 (inclusive of VAT). The fee covers the collection of relevant data, manual checks, and monitoring. You will need to pay this fee to IAmProperty to complete all Anti-Money Laundering checks before your offer can be formally agreed upon.
Exp will receive a portion of the fee charged by IAmProperty to compensate for our role in providing these checks.