Summary - 166, Humber Road, COVENTRY CV3 1BG
1 bed 1 bath Commercial Property
Turnkey income with refurbishment upside near Coventry employers and transport links.
12 x 2-bed self-contained flats in unbroken parade
Close to Jaguar Land Rover and Coventry city centre
Current income stated at £91,188 pa; potential £121,788 pa
Guide/asking price c. £1.495–1.5m; current gross yield ~6% rising to ~8%
Electric heating throughout — higher tenant running costs
Exterior brickwork shows wear; properties likely need refurbishment
Located in an area with higher deprivation; tenant profile typical
Hands-off management feasible, with asset-management upside
This freehold, unbroken parade comprises 12 self-contained two-bedroom flats in a handy south-east Coventry location, close to Blue Coat School and Jaguar Land Rover. The block is presented as a hands-off residential investment with immediate rental income and clear asset-management upside to increase occupancy and rents.
Current income is stated as producing £91,188 pa with potential to rise to £121,788 pa once fully let; the guide/asking price sits around £1.495–1.5m, giving a current gross yield of c.6% rising to c.8% when fully occupied. Units are served by electric heating and standard fittings, making the portfolio straightforward to manage but with typical running-cost considerations.
Strengths include location close to major employers and good transport links, a simple tenancy profile of assured shorthold tenancies, and scope to increase value through letting, management improvements and targeted refurbishments. Material negatives are the area’s higher deprivation, electric heating throughout (higher operating costs), evidence of worn exterior brickwork and a likely need for ongoing maintenance and refurbishment to maximise rents.
This is best suited to investors seeking a city-centre-edge portfolio with immediate income and clear hands-off management potential, or a buyer prepared to invest in refurbishment and active asset management to unlock stronger yields.
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