NN18171

Prime Freehold Investment - Fully Let Block, 29 Binley Road, Coventry

An outstanding opportunity to acquire a freehold residential investment that has been fully renovated and refurbished to an exceptionally high standard, both internally and externally. The property comprises six self-contained flats, all fully occupied on Assured periodic Tenancies, delivering a strong and immediate income stream from day one.

Offers over £1,000,000 Gross Income: £87,600 per annum Gross Yield: 8.8%

Every flat is separately rated for council tax, and tenants are responsible for their own electricity and gas costs, helping to minimise landlord outgoings. The building benefits from secure gated parking, CCTV coverage, and attractively landscaped communal garden areas with seating to the rear - features that support both tenant satisfaction and long-term retention.

Positioned within walking distance of Coventry University, with a mainline bus stop directly outside, the property attracts a strong and diverse tenant base of both professionals and students, supporting consistent occupancy levels.

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, well-proportioned living space. Flats range in size and layout, offering two- and three-bedroom configurations, each with either en-suite or sole-use bathroom facilities.

Flat Overview:

Flat 1
Ground Floor
3 Bedrooms
3 Bathrooms
£1,250

Flat 2
Ground Floor
2 Bedrooms
2 Bathrooms
£1,050

Flat 3
First Floor
3 Bedrooms
3 Bathrooms
£1,250

Flat 4
First Floor
2 Bedrooms
2 Bathrooms
£1,100

Flat 5
Ground Floor
3 Bedrooms
3 Bathrooms

£1,250

Flat 6
Duplex
3 Bedrooms
3 Bathrooms
£1,400

All six flats hold an EPC rating of C.

This is a rare opportunity to secure a high-performing, turnkey investment in a sought-after Coventry location, backed by strong transport links and consistent rental demand from a proven, diverse tenant base.

Viewings are strictly by appointment and will be arranged around the existing tenants - please get in touch with your availability.

Detached House for sale in Coventry, Binley Road, Coventry, CV3 1JE