Summary - 10 NEWNHAM ROAD COVENTRY CV1 5BB
3 bed 3 bath Terraced
Income-producing terrace near Coventry University with short-term uplift potential.
Valid HMO licence (until 2027) — compliant for multi-occupancy use
Three rooms each with ensuite and private kitchen unit — strong lettability
Current income approx. £1,500 pcm combined
Small overall floor area ~565 sq ft; compact communal spaces
Solid brick walls likely uninsulated — energy upgrades needed
Kitchen dated; modernization could increase rents
Area: very deprived with above-average crime — increased management risk
Newer combi boiler and replacement double glazing reduce immediate maintenance
This mid-terrace Victorian property in CV1 is presented as a ready-to-run HMO, currently producing around £1,500 pcm and holding a valid HMO licence until 2027. Each of the three let rooms has its own ensuite and private kitchen unit, which simplifies management and boosts lettability to students and young professionals. Its short walk to Coventry University, the city centre and the train station supports steady demand year-round.
Practical running costs are sensible: a modern Baxi combi boiler (around 2–3 years old) and recently installed double glazing with a 10-year warranty reduce urgent maintenance risk. The property footprint is small (about 565 sq ft) with compact communal space and a paved low-maintenance rear garden — convenient but limiting for families seeking larger living areas.
There are material trade-offs to note. The walls are original solid brick with assumed no cavity insulation, and internal areas are generally small; the kitchen is dated and would benefit from modernization to support higher rents. The wider area is very deprived and records above-average crime, which can affect tenant profiles, void risk and valuation. Tenure is unknown which will require legal clarity before purchase.
For an investor this offers immediate income and a compliant HMO structure with upside from selective refurbishment or energy-efficiency improvements. Be mindful of local market conditions, the property’s compact size and the need to budget for possible fabric improvements and tenancy management in a higher-risk area.
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