Coventry - good areas for letting?

[Finwoodhill]

Considering investing in some rental property in Coventry but have a limited knowledge of the city. Don't have a problem with DHSS etc, but could do with finding out which areas are best and which shouldn't be touched. Also which areas are best to go for the student market? Any info appreciated.

[bednobs]

hiya, not that i am telling you what to do, but wouldn't it be better to invest in an area you DO know about? for example, where you live - then you are also on the spot to sort out any problems

[ladybirder]

Personally I wouldn't touch Wood End, Henley Green, Willenhall or Willenhall Wood, Stoke Aldermoor or some parts of Tile Hill which have sprawling not very nice council estates. Nice but expensive are Styvechale, Burton Green, Finham; there might be some others but I can't remember. Mainly OK are Earlsdon which is a popular student area, Allesley, Stoke and Stoke Heath(lots of little terraces), Wyken, Walsgrave, Cheylesmore, anywhere near the Memorial Park, Poets Corner (Wordsworth Rd, Longfellow Rd, which is classed as Binley I think), anywhere towards Kenilworth, Whitley, Chapelfields, some of Canley. If you are looking to let to the Asian market then Foleshill and Hillfields would be good. IMO Coventry is a good place to let, it held up very well when prices were falling. My info might be a bit out of date but I'm sure you will check for yourself.

[Finwoodhill]

Thanks Ladybirder - that's very useful info.
I take your point bednobs - but buying in the area where you live is not necesarily the best way to make money in the rental market - I'm only 15 miles from Cov so not a problem maintenance wise - believe me, you can get much better returns buying in cheaper areas which are likely to have more rental demand.