4-bed terraced for sale in Coventry CV2 — £200K | Dwelfy

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Thin — worth an offer, not the asking price

Let by the room, you'd make about £292 a month.

That is thin: one empty month wipes out 7 months of that profit. The room rents rest on 4729 local room lets, so treat them as a guide. The problem is the gap between them is too small to absorb anything going wrong.

167, WALSGRAVE ROAD, COVENTRY, CV2 4HG ✓ Verified address · 918 sqft · £218/sqft

4 BED TERRACEDListed 2501d · ~82mo

£200,000

Why it works

Monthly profit +£292/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
13.0% Rent by the room return before costs (net 7.91% after CapEx + bills) — conversion play
Letting by the room, after the conversion. The whole gap between this and the plain rent is the reason to do the work.It needs the rooms, the licence and — in an Article 4 area — planning permission. None of those is automatic. See the conversion →
Passes the lender's rate test at 6.5% — lender-friendly
Lenders test the rent against a stressed rate, not the one you are quoted. This clears it.The cover level is each lender’s own policy, not law — treat it as the shape of the test. See the lender's view →

Why to be cautious

No EPC band on record — the rating decides whether you may legally rent it out
An F or G rating has made a property unlettable on new tenancies since April 2020, and every rent figure on this page assumes it can be let.Free to check on the government EPC register in under a minute — do it before you offer, not after.
Article 4 in area — Rent by the room conversion needs planning permission
The council has removed the automatic right to convert to a shared house here — it needs planning permission.It does not affect letting the property normally, and permission is often granted. It is a step, not a wall. See who decides →
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

What if I change my assumptions?
At the asking price, 25% deposit, 6.70% charged
Try your own numbersLive
You keep£292/mo
All-in cash£69,775
Payback19.9 yrs
Offer
Deposit
Mortgage rate
Rent per double
Worked at 6.70% — 5.95% quoted plus a company premium.
worked out from local rents

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the £200,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Coventry, CV2 4HG
1 of 5 schools in this postcode area rated Good or Outstanding and flood risk checking… — open for the map, the schools and the rest.
Article 4Planning permission required to let by the room
postcode area, not this address

Ready to move on this property?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Rent room-by-room to 3+ unrelated tenants from 2+ households sharing facilities. Statutory HMO definition; mandatory licence kicks in at 5+ tenants.

You keep£292/mo

All-in cash£69,775

Payback19.9 yrs

Offer

Deposit

Mortgage rate

The dial above is the rate you would be quoted. Every figure on this page is worked at 6.70% — that rate plus a 0.75pp premium lenders add on a limited-company purchase.

Rent by the room

Double rooms

Rent per double

Single rooms

Rent per single

£1,610/mo from 3 rooms — the rent on this strategy is the mix, not a figure of its own.2 doubles at £569 · 1 single at £472

Ensuites and studios are Pro. They let for more and cost more to build, and the figures above exclude them entirely — nothing here is counting a room you cannot see.

Doing it up

Estimated, not surveyed — nobody has been inside.

Running costs come as one supplied figure for this house-share (letting, repairs, bills, insurance and empty weeks together), so the individual lines cannot be moved.

More assumptions5

Mortgage term

Fixed for

Stress rate

Solicitor + survey

Lender fees

Where these figures came from13

Offer the asking price£200,000Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for HMO

Mortgage rate a typical assumption5.95%Specialist 5-year fixed at 75% LTV — 5.95% (as of 2026-05-20). 5.95% headline + 0.75pp limited-company product premium = 6.70% charged in this model.

Doing it up a typical figure, not a quote£1,575Per-property refurb estimate from the element rate-card model (£1,181–£2,205 range), VAT-inclusive

Double rooms a general default, not this property2

Rent per double a general default, not this property£569/mo

Single rooms a general default, not this property1

Rent per single a general default, not this property£472/mo

Mortgage term a general default, not this property25 yrs

Fixed for a typical assumption5 yrsFixed for 5 years (Specialist 5-year fixed at 75% LTV); after the fix the projection charges the reversion rate — a stated assumption, not a forecast.

Stress rate a typical assumption7.50%The higher of 5.5% and your rate + 2 points (PRA SS13/16): 7.5%

Solicitor + survey a typical figure, not a quote£1,700Standard house — £1,100 legal + £600 survey

Lender fees a typical figure, not a quote£4,0002% product fee on £150,000 loan + £1,000 booking fee

These are this page’s own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

Auto-saves

Listed by

Envisage Sales & Lettings

024 7542 6300 View on portal

Asking price£200,000

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Let by the room, you'd make about £292 a month.

What will it cost me to buy?Breakdown£67,200 + refurb and conversion costs£17,200 of that never comes back — stamp duty, solicitor and lender fees.£67,200 to buy itdeposit · stamp duty · solicitor · fees~£2,575, unseen□ works not inspected

What would have to be true?Nothing — it works at the asking priceThe rent covers the mortgage, the running costs and the tax at the £200,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.◧ worked back from the rent

Is the price right?The deedsLast sold for £133,500 in 2018Nothing nearby is comparable, but asking is 50% more than the £133,500 paid for it in 2018.□ this address’s own deeds, no comparable saleHM Land Registry Price Paid Data

How big is it, really?The planMeasured off the plan, not by a surveyor 918 sq ftThe area comes off the plan, not a survey. Open for what that means.□ area off the floorplan — not a survey

Is it a good location?Open the mapCoventry, CV2 4HG1 of 5 schools in this postcode area rated Good or Outstanding and flood risk checking… — open for the map, the schools and the rest.Article 4Planning permission required to let by the room■ postcode area, not this address

More investment properties in Coventry

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the £200,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Coventry, CV2 4HG
1 of 5 schools in this postcode area rated Good or Outstanding and flood risk checking… — open for the map, the schools and the rest.
Article 4Planning permission required to let by the room
postcode area, not this address