Earlsdon Avenue North, Coventry

Property Reference number : 640084

Turn-key 4-bedroom licensed HMO – Fully let since 2019 – Approx. 10% gross yield – Earlsdon, CV5

An opportunity to acquire a fully operational, high-specification 4-bedroom licensed HMO in one of Coventry’s most established student locations. The property is offered fully furnished and tenanted, providing immediate income from completion.

Investment overview

The property is currently let to four students at £2,590 per calendar month on a 10-month academic contract (bills included), producing £25,900 per academic year.

The property has achieved 100% occupancy since 2019 with no void periods, disputes or evictions. The current owner self-manages with minimal day-to-day input, re-letting annually via a simple OpenRent/Rightmove advert (circa £70 per year).

At the asking price of £299,000 this represents a gross yield of approximately 10.3%.

Detailed income breakdown and compliance documentation available to genuine purchasers.

Refurbishment and specification

The property was comprehensively refurbished in 2019. Works included:

• Full rewire
• New central heating system and combi boiler
• Three en-suite shower rooms
• Additional ground-floor shower/WC
• Internal reconfiguration
• Fire doors fitted throughout
• Hard-wired smoke alarm system
• New external doors and selected new windows
• Landscaped rear garden

The finish was deliberately taken above standard HMO minimum requirements to minimise ongoing maintenance and maintain strong tenant demand.

Accommodation

Ground floor
Large front double bedroom (approx. 12.6m²); spacious communal lounge with 55" Ultra HD TV; modern fitted kitchen with ample storage, two fridges, washing machine and heat pump tumble dryer; shared shower room/WC serving the ground-floor bedroom.

First floor
Bedroom 2 – front double (approx. 13.9m²) with en-suite shower/WC
Bedroom 3 – middle double (approx. 8.3m²) with en-suite shower/WC
Bedroom 4 – rear double (approx. 9.8m²) with en-suite shower/WC

All bedrooms include 32" smart TVs and are set up for modern student tenants.

Additional features

• 350Mb fibre broadband
• A-rated double-glazed windows
• Secure UPVC front and rear doors with five-point locking
• Low-maintenance rear garden with covered patio area
• On-street parking typically available directly outside

Planning and licensing

The property has operated as a licensed small HMO since 2019.

The HMO licence application was submitted in July 2019 and formally issued in June 2020. The property has remained continuously licensed by Coventry City Council.

The established HMO use predates Coventry’s Article 4 Direction (effective 30 September 2023). The change of use from C3 to C4 in 2019 fell within permitted development rights at that time.

Supporting tenancy schedule, licensing documentation and compliance certificates are available to serious buyers.

Location

Earlsdon Avenue North is a well-established student and professional rental area within walking distance of Earlsdon High Street and approximately 1km from Coventry War Memorial Park.

There are strong transport links to both the University of Warwick and Coventry University, contributing to consistent tenant demand.

The property will be sold fully furnished with tenants in situ so income continues uninterrupted.

Council Tax: B

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Property Reference number : 640084