Summary - 6 JOE OBRIEN CLOSE COVENTRY CV3 3JD
3 bed 1 bath Semi-Detached
Cash buyers or investors: refurbishment opportunity close to Coventry centre.
- Three bedrooms with lounge and fitted kitchen
- Requires full refurbishment and modernisation throughout
- Lease 71 years remaining — mortgage lenders likely to refuse
- To be sold at online auction on 10/12/2025
- Buyer's administration fee £2,400 (inc VAT) on exchange
- Small plot with driveway and compact rear garden
- EPC rating D; broadband fast and mobile signal excellent
- Local area: high crime and very deprived, consider management costs
Offered at online auction, this three-bedroom semi-detached house requires full refurbishment and suits a cash buyer or investor able to manage lease limitations. The property has a compact footprint with a small rear garden and driveway, and would benefit from modernization to improve layout and finishes.
Important legal and financial points: the lease has 71 years remaining, a level likely to deter mortgage lenders. There is a buyer's administration fee of £2,400 (inc VAT) payable on exchange, and completion is set for 28 days from exchange.
Location is convenient for local shops on London Road and is about 2.25 miles from Coventry city centre. Broadband and mobile signals are strong and the EPC rating is D, but the area shows high crime levels and significant deprivation, so factor in local demand and management requirements if letting or reselling.
For an investor this is a value-add opportunity: purchase at auction, carry out a targeted refurbishment, and either re-let or market to buyers who can proceed without mortgage finance. For a buyer seeking long-term home ownership, secure mortgage advice is essential due to the short lease term.
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