Nicholls Street, Coventry
- PROPERTY TYPE
Detached
- BEDROOMS
1
- BATHROOMS
1
- SIZE
355 sq ft
33 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Detached one-bedroom freehold house
- For sale by conditional online auction, guide price £90,000
- Let at £820 pcm (£9,840 a year), tenant in place
- 10.9% gross yield at the guide price
- Periodic assured tenancy, managed by Tutis Estates
- Short walk to the city centre and Coventry University
- No ground rent or service charge
- Lounge, kitchen/diner, shower room and courtyard garden
- EPC D (61), Council Tax Band A
- Buyer’s reservation fee £5,000 + VAT applies
Description
For sale by conditional online auction. Guide price £90,000.
A rare chance to buy a detached one-bedroom freehold house close to Coventry city centre. One-bedroom houses are scarce in this part of the city, and this one is a short walk from the centre and Coventry University, an area with steady rental demand from working tenants and postgraduates.
The property is let at £820 per calendar month (£9,840 a year) on a periodic assured tenancy and is sold with the tenant in place, so a buyer takes over the rent from completion with no void period and no letting fees to recover. That is a gross yield of 10.9% at the £90,000 guide price; the yield will depend on the final sale price. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.
Cafés, restaurants and world-food stores are close by, with Gosford Park and direct bus routes into the centre within a few minutes’ walk.
Accommodation - Ground floor: lounge, kitchen/diner and shower room.
First floor: double bedroom.
Outside: low-maintenance courtyard garden.
Approx. 33 sq m (355 sq ft). EPC D (61). Council Tax Band A.
Let And Managed By Tutis Estates - We manage the tenancy, so the records are ready for a buyer: the tenancy agreement, deposit protection and safety certificates. We will handle the handover so the tenancy and deposit transfer smoothly on completion, and the buyer can continue with our management if they wish.
Please Note - The property has a right of way over the road at the rear, and the owner contributes a fair share towards its upkeep. Search and chancel indemnity policies are provided in place of searches. Viewings are by appointment only, as the property is tenanted.
Auction Terms - This is a conditional (modern method) auction. The successful bidder pays a non-refundable reservation fee of £5,000 + VAT (£6,000 including VAT) in addition to the purchase price, then has 20 working days to exchange contracts and a further 20 working days to complete. A 5% deposit (minimum £3,000) is payable on exchange. The legal pack is available to download from this page and bidders should read it, and take legal advice, before bidding.
Brochures
Nicholls Street, CoventryBrochure- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Nicholls Street, Coventry
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 34973422. 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 Tutis Estates, 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Tutis Estates, Coventry on 024 7601 3534.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.