Summary - PAXTON LODGE, LONDON ROAD, COVENTRY CV1 2JT
1 bed 1 bath Residential Development
Freehold building with 16 self-contained studio apartments
A substantial freehold investment in central Coventry, Paxton Lodge comprises 16 self-contained studio apartments arranged across a large Victorian terrace. The building is newly refurbished with modern fitted kitchens, en suite showers and a communal laundry; total area approximately 4,755 sq ft. The property is fully occupied with existing tenancies and produces a combined gross income in excess of £150,000 per year, with bills included in the rent and off-street parking and storage on site.
Positioned within walking distance of Coventry city centre and major road links (A46, A444), this block suits a landlord seeking immediate rental income from student or worker accommodation. The configuration and recent works reduce short-term capital expenditure, and efficient running costs are already achieved through shared services and included bills.
Notable negatives are factual and material: the local crime rate is very high, there is no private garden or external amenity, and communal areas may require ongoing maintenance or upgrading. Some units vary in layout and size, and prospective buyers should ensure HMO licensing and compliance are fully regularised for the current use.
Overall this is a turnkey, income-producing terraced block in a cosmopolitan, inner-city neighbourhood. It offers hands-off rental returns now, plus refurbishment or reconfiguration upside for an investor prepared to manage communal spaces and local-area risks.
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