2 Lady Lane, Longford, Coventry, West Midlands, CV6 6AZ
Size
Ask agent
Tenure
Freehold
EPC
Ask agent
Parking
Ask agent
- Primary use
- Other
No floor / site plan
Key features
- Investment opportunity comprising 4 x one bedroom flats
- Rear parking available
- Convenient location within easy reach of Coventry City Centre
- Approximate gross yield of 7.47% based upon a quoting price of £430,000
- Producing a combined rental income of £32,100 per annum
Description
The property is situated on Lady Lane in Coventry, within close proximity to local amenities, shops and transport connections. Coventry City Centre lies a short distance away, providing access to a wide range of retail, leisure and employment facilities together with Coventry Railway Station.
The surrounding road network provides convenient access to the A444, M6 motorway and wider Midlands motorway network.
The property comprises a terrace style building arranged to provide four self-contained one bedroom flats over ground and first floor levels. The accommodation benefits from independent access points and parking provision to the rear of the property.
The flats are considered suitable for continued investment purposes and are situated within an established residential location with good access to local amenities, public transport links and Coventry City Centre.
The property is offered for sale as an investment opportunity.
Description
Fully let residential investment comprising 4 x one bedroom flats producing £32,100 per annum. Situated close to Coventry City Centre with rear parking, the property reflects an approximate gross yield of 7.47% based upon a quoting price of £430,000 and offers an established income producing opportunity.
Investment
The property is currently let by way of four residential tenancies producing a combined rental income of £32,100 per annum. The accommodation comprises four self-contained one bedroom flats with the current rents being £650 pcm for Flat 2A (tenancy commencing 3rd March 2024), £555 pcm for Flat 2B (tenancy commencing 16th July 2022), £675 pcm for Flat 2 (tenancy commencing 24th April 2023) and £795 pcm for Flat 2C (tenancy commencing 5th December 2025). The investment reflects an approximate gross yield of 7.47%. The property provides an established residential investment opportunity with ongoing income and potential for future rental growth subject to market conditions.
Services
We understand that mains electricity and water are connected to the property. Interested parties are advised to make their own enquiries.
Energy Performance Certificate
Flat 2 - 64 D
Flat 2A - 69 C
Flat 2B - 77 C
Flat 2C - 57 D
Legal Costs
Each party will be responsible for their own legal costs associated with the transaction.
Viewing
To arrange a viewing please contact the Commercial Team on or (Option 2)
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- Ask agent
- Listed building
- Ask agent
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
2 Lady Lane, Longford, Coventry, West Midlands, CV6 6AZ
Your search history
You have no recent searches
Disclaimer - Property reference 23FH. 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 Loveitts, Coventry. 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.