Fred Lee Grove, Coventry
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- 7.5% net yield - above the national buy-to-let average, calculated after all charges
- Immediate income - tenanted at £925 pcm since December 2023, no void risk on acquisition
- Well-presented throughout - finished to a good standard, no immediate spend required
- EPC D & 101-year lease
- Prime CV3 location - deep rental pool of students, professionals and key workers
- Strong regional market - 60,000+ students, 20 mins to Birmingham, ongoing regeneration
Description
62 Fred Lee Grove, Coventry, CV3 5NP
Asking price: £135,000
Current rent: £925 pcm
Net yield: 7.5%
Service charge: £875.28 pa
Ground rent: £10 pa
EPC: D
Lease: 101 years
Tenancy start date December 2023
WHY THIS PROPERTY?
Strong net yield of 7.5%, significantly above the national residential buy-to-let average, calculated after all service charge and ground rent deductions.
Immediate income – fully tenanted and producing rent, with no void risk on acquisition.
Affordable entry point – priced from just £135,000, with 101-year leases and EPC ratings that meet current lettings legislation.
LOCATION: COVENTRY CV3
Coventry is one of the Midlands’ strongest buy-to-let markets, underpinned by:
Two major universities – the University of Warwick and Coventry University together enrol over 60,000 students, generating consistent year-round rental demand from students and young professionals alike.
Excellent connectivity – direct rail to Birmingham in 20 minutes and London Euston in under 60 minutes, making the city highly attractive to commuters.
Ongoing regeneration – Coventry’s City of Culture legacy and continued infrastructure investment support both rental demand and longer-term capital growth prospects.
CV3 specifically is one of the city’s most in-demand residential postcodes, with a broad rental pool of students, young professionals, and key workers ensuring low void periods.
- 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.
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- 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
Fred Lee Grove, Coventry
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Visit our security centre to find out moreDisclaimer - Property reference 62 Fred Lee Grove. 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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