Summary - 1 ABBEY COURT, PRIORY PLACE, COVENTRY CV1 5SA
2 bed 2 bath Apartment
Attractive high-yield central investment or compact urban home close to amenities.
Second-floor modern apartment with open-plan lounge and kitchen
A well-presented two-bedroom apartment in Priory Place, positioned on the second floor of a modern development close to Coventry city centre and the university. The open-plan lounge and kitchen with breakfast bar, allocated parking and double glazing make it a practical, low-effort urban rental or starter home.
Currently let at £1,150 PCM (£13,800 pa), the property offers a strong gross yield of about 9.2% at the asking price of £150,000. The master bedroom includes an en suite and there is a separate full family bathroom plus an additional WC, useful for tenants or sharers.
Buyers should note material running costs: an average service charge of £2,520 pa and a ground rent of £180 pa. Heating is by electric heaters, which can raise energy bills compared with gas-heated homes. The building sits in a very high crime area and has tenants in situ until February 2026, so immediate vacant possession is unlikely.
The lease has around 128 years remaining, which is a healthy term for mortgage and resale purposes. Overall, the apartment suits investors seeking dependable city-centre rental income or buyers wanting a low-maintenance home near transport links and amenities, provided they accept electric heating and the neighbourhood safety context.
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