- One double bedroom ground-floor maisonette
- Currently tenanted, producing £625 pcm rental income
- Lease approx. 99 years remaining
- Requires modernisation throughout
- Enclosed rear garden and double glazing present
- Service charge approx. £600pa; ground rent £10pa
- Located in a very deprived area with above-average crime
- Council Tax Band A (very cheap)
A ground-floor, one-bedroom maisonette offered with a tenant in situ, generating £625 pcm. The property sits on a mid-terrace row in Stoke, Coventry, and includes a lounge, fitted kitchen/diner, double bedroom, bathroom and an enclosed rear garden. Gas central heating and double glazing are already installed.
At the listed price of £80,000 the property offers a strong gross rental return (annual rent £7,500 — approx. 9.4% gross). The lease has approximately 99 years remaining, service charge is around £600 per year and ground rent is £10 per year, making holding costs low. It is sold with tenants in place from 5 June 2025, so it is immediately income-producing and suits investors seeking hands-off cash flow.
The maisonette requires modernisation throughout; cosmetic upgrading and some renovation works will be needed to maximise capital value and rental potential. Local area factors include fast broadband and excellent mobile signal, good bus links to the city centre and nearby amenities, but the neighbourhood sits in a very deprived area with above-average crime — important for lettings strategy and risk assessment.
This is a straightforward, budget-price investment or a route-in for a first-time buyer prepared to modernise. The combination of low running fees, long lease and immediate rental income makes it an option for buyers targeting yield and value-add opportunities, while those seeking a low-risk residential location should weigh the local deprivation and crime level when considering refurb budget and tenant profile.
