Radford Road, Radford, Coventry
West Midlands
£389,950
Listed on 15/09/2026
Listed on 15/09/2026
The listing
Property details
Bedrooms
3Type
Commercial PropertyArea
2452 sqftFeatures
- Parking
- Tenanted
Description
This substantial freehold property presents an exceptional development opportunity, situated on a large plot at a prominent junction. Currently configured for mixed-use, the ground floor features two commercial units alongside a purpose-built cabin office at the rear. The first floor comprises three studio flats, with two already tenanted, showcasing the potential for rental income of approximately £39,200 per annum, translating to an attractive yield of 10.05%.
Externally, the property benefits from private vehicular access via Villa Road, offering off-road parking for multiple vehicles. The location provides easy access to the city centre and major road networks, enhancing its appeal for various uses or redevelopment. Additionally, a large advertising billboard generates income, with potential for increased revenue should an electronic upgrade be implemented. This property is well worth viewing for those seeking a versatile investment opportunity.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
77out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £389,950, this freehold mixed-use property is offered at about £159/sq ft, well below the local average of £248/sq ft—a strong entry point for a buyer looking to take on a distinctive project. It combines two commercial units, three studio flats, a rear cabin office, private vehicle access and substantial hardstanding, giving the site several existing income-producing elements and scope to refresh its presentation and use.
Key opportunities
- Refresh the functional but dated studio interiors, including their compact kitchens and bathrooms, to improve the residential accommodation.
- Rework the worn commercial flooring and weathered hardstanding to sharpen the presentation of the commercial units and forecourt.
- Make use of the combination of two commercial units, three studios, a rear cabin office and private gated vehicle access.
Key risks
None recorded.
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Transport
Nearest stations
Coventry Rail Station
1.6 miles
Train · Coventry
Canley Rail Station
2.0 miles
Train · Canley
Coventry Arena Rail Station
2.0 miles
Train · Rowleys Green
Tile Hill Rail Station
3.7 miles
Train · Tile Hill South
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,593
Based on a loan of £292,462 over 30 years at 5.13% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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