Summary - 18 SHERIFF AVENUE COVENTRY CV4 8FD
1 bed 1 bath Commercial Property
High-yield HMO near Warwick University with immediate rental income.
Seven-bed licensed HMO, fully let to students from 01/08/2025
A ready-made student HMO investment, offered freehold and fully let to seven University of Warwick students from 01/08/2025. The property delivers immediate income of £42,350 per year and an attractive initial gross yield of c.9.42% at the asking price of £450,000.
Arranged over two storeys with seven lettable bedrooms, a modern communal kitchen/dining area and maintained communal spaces, the house is licensed and let under a single 365‑day AST. Tenants currently provide guarantors and a lodged deposit; the landlord covers gas, electricity, water and internet, simplifying management for the incoming owner.
The location is the principal value driver: Sheriff Avenue in Canley places the property minutes from the University of Warwick, good local amenities and frequent bus links to Coventry city centre. Transport connections are strong, with easy access to the A45, M6 and rail services; this keeps demand for student lets high.
Buyers should note material negatives plainly: the surrounding neighbourhood scores as very deprived with above-average crime statistics, and the exterior shows a mid‑20th century finish that will likely need routine maintenance. While the HMO is compliant and fully let, future rent rises and capital growth depend on sustaining demand from the student market and careful asset management.
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