Newland Road, Coventry, CV1

Overview

A freehold five-bedroom, two-bathroom converted mid-terrace on Newland Road, about a mile from Coventry city centre, refurbished with a new EPC C in April 2025. It earns a passing rent of £24,000 per annum (a flat £2,000 pcm) from a serviced-accommodation operator under a rent-to-rent contract, 8.1% gross at the £295,000 asking price, with the operator running the house and paying the bills. The buyer chooses: keep that contract, or take the house with vacant possession and let the five rooms.

Investment highlights

• Five bedrooms and two bathrooms across 114 m² (per EPC); refurbished, EPC C with external wall insulation
• Passing rent of £24,000 per annum on a rent-to-rent contract (per the vendor, agreement to be confirmed in the legal pack), 8.1% gross yield
• With vacant possession: let as a five-room HMO at around £500 pcm a room, bills included, about £30,000 a year before roughly £6,000 of bills (estimate)
• Or let to a social-housing provider on a longer lease (a prediction: no Coventry provider has quoted)
• Coventry licenses every HMO, so a buyer applies for a licence in their own name; the HMO use is to be confirmed against the local Article 4 direction
• Coventry CV1, about a mile from the city centre and the station, with demand from Coventry University and city-centre employers

The numbers

Asking Price	£295,000
Current Rent	£24,000 pa
Current Gross Yield	8.1%
HMO route (estimated, before bills)	£30,000 pa
Bedrooms	5
EPC	C
Floor Area	114 m²