Summary - 40 GREGORY HOOD ROAD COVENTRY CV3 5AP
2 bed 1 bath Flat
Two-bedroom let with steady income and immediate investor appeal.
Tenanted buy-to-let producing £7,200pa (approx. 6.3% gross yield)
Leasehold with 95 years remaining — check mortgage implications
Average-sized two-bedroom flat with open-plan layout
On-street parking only; no private parking or garage
Building mid-20th century; external maintenance appears reasonable
Tenant in situ and does not intend to vacate — income continuity
Area has average crime and mixed local school Ofsted ratings
Buyer’s premium payable; review Let Property Pack and tenancy docs
This two-bedroom leasehold flat on Gregory Hood Road offers a straightforward buy-to-let opportunity in Coventry with an existing long-term tenancy. The property currently produces a gross annual income of £7,200 (approx. 6.3% gross yield at the listed price), making it attractive to investors seeking immediate rental returns. The tenant wishes to remain, so income continuity is likely after sale, but buyers must accept an occupied purchase.
The apartment is an average-sized, open-plan layout within a mid-20th-century block. Internal accommodation comprises two bedrooms, a lounge, kitchen and a three-piece bathroom. Externally the building appears well-maintained with some lawned areas and on-street parking; broadband and mobile signals are strong for the area.
Important practical points: the property is leasehold with 95 years remaining—buyers should check implications for mortgageability and future costs. On-street parking only, average local crime and an area classified as multi-ethnic hardship; some nearby schools have mixed Ofsted ratings. A buyer’s premium will be applied on sale and prospective purchasers should review the Let Property Pack and tenancy documentation closely.
This flat suits investors or developers looking for a cash-flowing asset with room for value-add through cosmetic refurbishment and professional management. It is less suitable for an owner-occupier seeking immediate vacant possession or extensive outside space.
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