Summary - 105 OLIVER STREET COVENTRY CV6 5FD
4 bed 4 bath House of Multiple Occupation
Ready-made HMO with immediate income and refurbishment upside for hands-on investors.
HMO with 4 lettable bedrooms and ensuites
Current gross income £21,468; market potential ≈ £24,000
Freehold mid‑terrace Victorian townhouse, 1,076 sq ft
Small rooms and small plot; compact urban layout
Signs of wear, dated decor and potential damp in living room
Area classified as very deprived; nearby amenities within walking distance
On-street parking only; no flood risk
Buyer’s Premium will apply on sale
This mid-terraced Victorian house on Oliver Street is set up and operating as a four-bedroom HMO, currently producing an annual gross income of £21,468 with long-term tenants in situ. The property’s compact 1,076 sq ft layout and multiple ensuite facilities make it attractive for buy-to-let portfolios seeking immediate cashflow and straightforward tenant management.
The house will suit investors or developers prepared to carry out cosmetic refurbishment and address some wear. Externally and internally the property shows signs of age and general wear; the living room description mentions potential damp and dated finishes. There is likely scope to increase income to about £24,000 a year by re-letting at market rates after works.
Practical features include freehold tenure, excellent mobile signal and fast broadband, street parking and no flood risk. Material considerations: the area scores as very deprived, on-street parking only, small plot/room sizes, and the property will require renovation and ongoing maintenance. A Buyer’s Premium is stated as applying on sale.
Overall, this is a clear income-generating opportunity for a hands-on investor or portfolio buyer who accepts a renovation project and the location’s socioeconomic profile. The current tenancy provides immediate revenue but value-add work would unlock higher rents and stronger yields.
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