David Penn, partner at Bromwich Hardy in Coventry, said the property is an ideal opportunity to develop in a great location that is a short walk from Coventry Station, Coventry University, and the city's thriving commercial and retail districts.

It is a double fronted, end terraced building over three storeys with storage space in the basement.

He said: “The approved scheme includes a balanced mix of one and two bedroom apartments, ideal for the strong local rental market which is driven by professionals, students and commuters.

“Initial works have already begun on the top floor.”

He said the attraction of the potential development is enhanced by several major developments close by, including the City Centre Cultural Gateway and City Centre South Regeneration area, and it is also near Friargate, the landmark £700 million regeneration scheme which is transforming 37 acres around Coventry Station.

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