Summary - BOILER HOUSE UNIT 11 ELECTRIC WHARF COVENTRY CV1 4JU
2 bed 1 bath Apartment
Industrial‑style two-bed with strong rental yield potential and allocated parking.
Long lease 228 years provides ownership security
Allocated off-street parking included
Underfloor heating; community heating scheme
Approx 578 sq ft; open-plan living with high ceilings
Service charge c. £2,302pa; ground rent £200pa
Sold at auction — 5% non-refundable deposit on exchange
Reservation fee up to 6% inc VAT (min £6,000)
Wider area classified as deprived; average local crime
Set within the converted Boiler House at Electric Wharf, this first-floor two-bedroom apartment offers distinctive industrial character and practical rental appeal. Exposed brickwork, high ceilings and floor-to-ceiling double glazing create light, adaptable living space across approximately 578 sq ft, arranged as an open-plan kitchen/living/dining area plus two bedrooms and a shower bathroom.
The property has a long lease (228 years), allocated off-street parking, underfloor heating via a community scheme and an additional loft-style storage cupboard housing the boiler. Fast broadband and excellent mobile signal support modern tenants or home workers. Nearby canalside walks and a short walk to Coventry city centre add location convenience.
This lot is offered via secure online auction: buyers should budget for a non-refundable 5% deposit on exchange, plus a reservation fee (up to 6% inc. VAT, minimum £6,000). Ongoing costs include an annual service charge around £2,302 and ground rent £200. The wider area scores as deprived and has average local crime statistics—factors to consider for long-term lettability and insurance.
Overall this is a straightforward, characterful investment or first purchase for someone comfortable with the auction process and with funds for purchase fees and ongoing service charges. A clear legal pack is available and professional advice is recommended before bidding.
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