St. Nicholas Street, Coventry, West Midlands, CV1
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Buy-to-let property investment with a sitting tenant
- Annual gross rental income of £12,000
- Current net yield of 6.6%
- Popular residential and rental location
- A strong high-yielding opportunity in a prime city centre location
Description
A fantastic opportunity to acquire a well-presented two-bedroom first floor apartment overlooking the scenic Coventry Canal Basin. Offering strong rental returns and a highly desirable central location, this property is ideal for investors seeking a turnkey addition to their portfolio.
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Property Features
* Two-bedroom first floor apartment
* Stunning views over Coventry Canal Basin
* Open plan kitchen and living area
* Juliet balcony
* Spacious double bedroom and additional single bedroom
* Large family bathroom
* Lift access within the building
* Allocated parking space
* No upward chain - ready to move into
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Investment Summary
* Asking Price: £140,000
* Current Rental Income: £1,000 PCM
* Annual Rental Income: £12,000
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Annual Costs
* Service Charge: £2,400
* Ground Rent: £270
Total Annual Costs: £2,670
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Net Income & Yield
* Net Annual Income: £9,330
* Gross Yield: 8.57%
* Net Yield: 6.6%
A strong, high-yielding opportunity in a prime city centre location.
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Tenure
* Leasehold: 103 years remaining
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Location
Situated in the heart of Coventry, this property benefits from a prime waterside setting while being within walking distance of the city centre, transport links, universities, and local amenities. The combination of lifestyle appeal and convenience ensures consistent tenant demand.
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Why Invest in Coventry?
* Growing city with ongoing regeneration
* Strong rental demand driven by students and professionals
* Excellent transport links to Birmingham and London
* Competitive property prices with attractive yields
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Key Investment Highlights
* Canal-side views - highly desirable for tenants
* High-yielding investment at over 10% gross
* Ready-made income-producing asset
* Prime location ensuring strong occupancy
* Allocated parking - a rare city centre benefit
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Conclusion
This property represents an outstanding opportunity for investors seeking a high-yield, low-maintenance asset in a thriving UK city. With strong returns, immediate income, and no onward chain, it is perfectly suited for both new and seasoned investors.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
St. Nicholas Street, Coventry, West Midlands, CV1
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Visit our security centre to find out moreDisclaimer - Property reference Waterside-Coventry. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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