3 bed terraced house for sale

Watersmeet Road, Coventry CV2

For sale via the modern method of auction

7.8% rental yield guide price: £165,000

A three-bedroom mid-terraced home offering two routes available to any purchaser - investor or owner-occupier - with full optionality between retaining the sitting tenancy or pursuing vacant possession via an existing Section 21 notice (served pre-1st May 2026). A rare position in the current tenanted market following the abolition of Section 21 under the Renters' Rights Act.

Situated in a popular residential area of Coventry, approximately 3.5 miles from the City Centre and a seven-minute drive of University Hospital Coventry & Warwickshire, with local amenities, schools, and transport links close by.

Accommodation comprises an entrance hall, spacious lounge and separate dining room, fitted kitchen, three bedrooms, and a family bathroom with shower over bath. The first floor provides two doubles and a single. Externally, a generous rear garden.

Two routes available to any purchaser:

1. Retain the sitting tenancy as a turnkey investment, delivering 7.8% gross yield at guide (£1,075 pcm / £12,900 p.a.) - immediate income, no void period, no immediate works required.

2. Pursue vacant possession via the existing Section 21 notice. On payment of the reservation fee and the purchaser's request, we will initiate court possession proceedings - a clear route to vp increasingly rare in today's tenanted market.

To be sold subject to the auction terms and conditions. Interested parties must register to bid, review the legal pack, and satisfy themselves prior to bidding.

Viewings strictly by appointment with Tutis Estates. Proof of funds or an agreement in principle required prior to viewing.

Council Tax Band: B | EPC Rating: D

Online Auction

For Sale Via Tutis Auctions Online Auction powered by Bamboo Auctions.

Auction end date and time: 23/06/2026 at 4:30pm.

The auction will be exclusively available online via our website including the legal pack information. The registration process is extremely simple and free. Please visit the Tutis Estates website, and click on the 'online auctions' tab. A 'register' button can be found on this page or by clicking into the individual listing.

Stage 1) Register your email address, create a password and confirm your account.

Stage 2) View the legal pack and arrange any viewings.

Stage 3) If you would like to bid, use the 'dashboard' button and complete your id check and enter your payment and solicitors details.

Stage 4) You are ready to bid - Good Luck! No deposit monies are required before you bid.

Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range. A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids. Some Vendors may consider offers prior to the auction.

These offers can only be submitted via Tutis Estates and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding online auctions or would like to arrange a viewing.