Summary - 272 MITCHELL AVENUE COVENTRY CV4 8DW
5 bed 3 bath Semi-Detached
High-yield licenced HMO near Warwick University, tenants in situ.
Licensed HMO with tenants in situ until mid-October
A substantial five-bedroom semi-detached property in Canley presented as a licenced HMO with tenants in situ until mid-October. The current income profile delivers a reported yield of 9.93%, making this a clear income-focused opportunity close to Warwick University and local transport links. The house is freehold and offers a garage, driveway and a low-maintenance rear garden.
Internally the property is well presented with a modern kitchen, converted loft and three bathrooms, ready to generate rental income immediately. The EPC is currently 65 (D) with scope to improve to 83 (B) — an obvious upgrade that could reduce running costs and increase lettings appeal. The boiler was serviced in 2024 and the property benefits from double glazing and skylights.
Considerations: the wider area is classified as very deprived and described as hampered neighbourhoods, which may affect long-term capital appreciation and tenant profiles. The solid brick walls were built mid-century and insulation status is assumed minimal; energy-efficiency work may be required to reach higher EPC bands. Tenants remain until mid-October and the HMO licence is in place, so purchasers should plan for continuity of tenancy or take vacant possession at the licence/tenancy end.
Overall, this is a turn-key rental asset for an investor targeting strong immediate yield and student or professional lets close to Warwick University. There is short-term upside from energy-efficiency improvements and normal HMO management considerations to factor into purchase costs and strategy.
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