Arthur Street, Coventry, CV1

**IDEAL INVESTMENT OPPORTUNITY** Freehold 4-bed terraced house converted into two self-contained 2-bed flats (planning approved 2014), each with private kitchen and bathroom. Vacant (previously let at £1,850pcm combined). Separate utilities, private garden, off-road parking for 3 cars. High-yield opportunity near Coventry city centre.

Key Features

• freehold four-bedroom terraced house
• converted into two self-contained 2-bedroom flats
• planning permission granted in 2014
• separate utilities for each flat
• each flat has its own kitchen and bathroom
• currently vacant (previous combined rental income of £1,850 pcm)
• rental market value today £2,000pcm+
• private garden
• off-road parking for up to three cars
• close proximity to coventry city centre
• near coventry university and local amenities
• EPC: TBC

Property Description

Overview

This freehold terraced property presents a prime investment opportunity, having been professionally converted from a four-bedroom house into two separate self-contained two-bedroom flats. The conversion, completed in October 2014 with full planning permission, ensures compliance with building regulations and offers a modern living arrangement. Each flat features its own private entrance, kitchen, bathroom, and separate utility meters for gas, electricity, and water, providing complete independence for occupants.

The property is currently vacant, offering immediate potential for new tenancies. Previously, the combined rental income was £1,850 per calendar month, reflecting the strong demand in the area. Additional features include a private rear garden and off-road parking for up to three cars, enhancing tenant appeal and potentially increasing rental value.

Investment Potential

From an investment standpoint, this property offers dual income streams from the two flats, reducing the risk associated with single-tenancy properties. The previous combined rental income of £1,850 pcm equates to £22,200 annually, providing a solid return on investment. Given the propertys location and features, there is potential to achieve higher rental yields, especially considering the strong demand for rental properties in Coventry.

The freehold status eliminates concerns about ground rent or service charges, ensuring that rental income directly benefits the owner. Additionally, managing two units under one title simplifies administration, with a single council tax and insurance policy covering the entire property. The separate utility meters further streamline management, allowing tenants to be responsible for their own utility costs.

Location and Local Amenities

Situated on Arthur Street, the property benefits from its proximity to Coventry city centre, offering tenants easy access to a wide range of amenities, employment opportunities, and transport links. The area is well-served by public transportation, with several bus stops within walking distance, providing convenient connections throughout the city.

Local amenities include:

Education: The property is near several educational institutions, including Coventry University, which is within walking distance. Other nearby schools include Hillfields Nursery School, John Gulson Primary School, and Sidney Stringer Academy, catering to various educational needs.

Shopping and Dining: Coventry city centre offers a diverse selection of shops, restaurants, and cafes, ensuring that tenants have access to a variety of retail and dining options.

Healthcare: The area is served by multiple healthcare facilities, including GP practices and dental clinics, ensuring residents have access to necessary medical services.

Leisure and Recreation: Nearby parks and recreational facilities provide opportunities for outdoor activities and leisure, enhancing the quality of life for tenants.

The propertys location in the CV1 postcode area places it within a vibrant community, with a mix of residential and commercial developments. This contributes to a dynamic living environment, appealing to a broad tenant demographic, including professionals, students, and small families.

Conclusion

This property on Arthur Street represents a compelling investment opportunity, combining immediate rental income potential with long-term asset appreciation. Its conversion into two self-contained flats, coupled with features such as a private garden and off-road parking, enhances its appeal to prospective tenants. The strategic location near Coventry city centre and local amenities further solidifies its position as a desirable rental property. Investors seeking a high-yield, low-maintenance addition to their portfolio should consider this opportunity.