Summary - 149, Swan Lane, COVENTRY CV2 4GE
1 bed 1 bath Apartment
Compact investment with parking and long lease, ready for rental income.
Upper-floor one-bedroom apartment with off-street parking
Long lease (129 years) and EPC B (82)
Currently tenanted; achieving £750pcm (AST in place)
Service charge £1,363 pa; ground rent £83 pa
No lift — upper-floor access only
Wider area: higher crime and local deprivation
Solid brick walls; assumed no cavity insulation
Council Tax Band A — very low local tax
A compact one-bedroom upper-floor apartment with a long lease (129 years) and off-street parking, offered with a sitting assured shorthold tenancy achieving £750pcm. The building has modern external styling and the flat benefits from double glazing, a gas boiler with radiators, and a strong EPC B (82), supporting lower running costs.
Practical for investors seeking immediate rental income and first-time buyers who accept a tenant in situ. Service charges and a small ground rent apply (average service charge £1,363; ground rent £83). Council Tax is low (Band A), helping monthly outgoings.
Be clear on limitations: the apartment is on an upper floor in a building without a lift, so it may be unsuitable for those with mobility needs. The wider area records higher crime and local deprivation; buyers should consider location suitability and rental demand in this neighbourhood.
The building dates from the early 20th century and has solid brick walls with no known insulation (assumed). This presents potential to enhance comfort and value through targeted improvements, such as internal insulation or refurbishments, subject to lease and building rules.
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