Summary - 23 RANBY ROAD COVENTRY CV2 4GS
2 bed 1 bath Terraced
Entry-level freehold with investment potential and a small rear courtyard.
Vacant two-bedroom mid-terrace freehold, approx. 525 sq ft
A vacant two-bedroom mid-terrace in CV2 offered freehold via a Conditional Online Auction. The layout is straightforward: front living room, dining kitchen, separate utility, ground-floor bathroom and two first-floor bedrooms. A small enclosed rear courtyard and outbuilding provide limited outdoor storage. Previously let at £900 pcm, giving an indicative gross yield of about 8.2% at the guide price if similar rent is achieved.
This property suits investors seeking an entry-level buy-to-let or owner-occupiers prepared to do cosmetic updating. The house benefits from gas central heating and double glazing, and council tax is low (Band A). The terrace is typical Victorian stock with modest room sizes and a small overall footprint (approx. 525 sq ft).
Buyers should note material drawbacks: the EPC is band E (54), the area is classified as deprived with higher local crime levels, and the property requires cosmetic refurbishment and possible energy improvements. Parking is on-street only. The sale is by auction: successful bidders sign a Reservation Agreement and pay a Reservation Fee, with a 56-day target completion — read the legal pack for full terms.
Viewings are advisable to assess room sizes and condition. For investors, past rent roll and vacant possession make re-letting straightforward; for owners, the house offers a low-cost entry into Coventry but will need investment to reach modern comfort and energy standards.
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