Binley Road,Coventry,CV3 1JE
- PROPERTY TYPE
Detached
- BEDROOMS
16
- BATHROOMS
16
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- NN18171
- Freehold investment block of six fully self-contained flats, 100% let with no void period
- £87,600 gross annual income from day one — strong 8.8% gross yield on the guide price
- Comprehensively renovated throughout to a turnkey standard, internally and externally
- Mixed 2- and 3-bedroom units appeal to both professionals and students, supporting consistent occupancy
- Tenants cover excess utilities; each flat is separately council tax rated, keeping landlord costs low
- Secure gated parking, CCTV, and landscaped communal gardens with seating
- Modern fitted kitchens throughout, including washing machine, fridge-freezer, oven, hob and extractor
- Walking distance to Coventry University with a mainline bus stop directly outside
- All six EPCs rated C — no immediate compliance work required
Description
NN18171
Prime Freehold Investment - Fully Let Block, 29 Binley Road, Coventry
An outstanding opportunity to acquire a freehold residential investment that has been fully renovated and refurbished to an exceptionally high standard, both internally and externally. The property comprises six self-contained flats, all fully occupied on Assured periodic Tenancies, delivering a strong and immediate income stream from day one.
Offers over £1,000,000 Gross Income: £87,600 per annum Gross Yield: 8.8%
Every flat is separately rated for council tax, and tenants are responsible for their own electricity and gas costs, helping to minimise landlord outgoings. The building benefits from secure gated parking, CCTV coverage, and attractively landscaped communal garden areas with seating to the rear - features that support both tenant satisfaction and long-term retention.
Positioned within walking distance of Coventry University, with a mainline bus stop directly outside, the property attracts a strong and diverse tenant base of both professionals and students, supporting consistent occupancy levels.
Accommodation & Specification
No expense has been spared in the refurbishment. Every unit includes a modern fitted kitchen complete with washing machine, fridge-freezer, integrated oven, hob, and extractor, alongside a comfortable, well-proportioned living space. Flats range in size and layout, offering two- and three-bedroom configurations, each with either en-suite or sole-use bathroom facilities.
Flat Overview:
Flat 1
Ground Floor
3 Bedrooms
3 Bathrooms
£1,250
Flat 2
Ground Floor
2 Bedrooms
2 Bathrooms
£1,050
Flat 3
First Floor
3 Bedrooms
3 Bathrooms
£1,250
Flat 4
First Floor
2 Bedrooms
2 Bathrooms
£1,100
Flat 5
Ground Floor
3 Bedrooms
3 Bathrooms
£1,250
Flat 6
Duplex
3 Bedrooms
3 Bathrooms
£1,400
All six flats hold an EPC rating of C.
This is a rare opportunity to secure a high-performing, turnkey investment in a sought-after Coventry location, backed by strong transport links and consistent rental demand from a proven, diverse tenant base.
Viewings are strictly by appointment and will be arranged around the existing tenants - please get in touch with your availability.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Communal
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference S1826175. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, West Midlands. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.