Summary - 34 ORCHARD DRIVE COVENTRY CV5 7FP
2 bed 1 bath Flat
Small leasehold flat with immediate rental income and long-term tenants — investor suited..
- Two-bedroom leasehold flat, 538 sq ft
- Long-term tenants in situ, current gross income £6,000 pa (6% gross yield)
- Private front garden; on-street parking
- Small overall size; compact living spaces
- Dated interior likely needing cosmetic modernisation
- Sold with tenants who wish to remain; purchase for investment use
- Buyers Premium applies; review Let Property Pack and lease terms
- Low flood risk, good broadband and mobile signal
This two-bedroom leasehold flat on Orchard Drive offers a compact, income-producing entry into Coventry's rental market. The property is small (538 sq ft) but functional, with lounge, kitchen and a three-piece bathroom, plus a private front garden. On-street parking and good broadband and mobile signal suit tenants seeking practical, suburban living.
The flat is sold with long-term tenants in situ, producing a current gross annual rent of £6,000 (gross yield 6% at the asking price of £100,000). That tenancy has a reliable payment history and the occupants intend to remain, making the purchase straightforward for an investor seeking immediate income. A Let Property Pack is available with fuller investment details.
Notable positives include the low-crime, comfortable suburbia location, nearby good-rated schools, and fast broadband — all attractive to long-term tenants. The building dates from the mid-20th century and the interior shows dated décor; prospective buyers should inspect for any maintenance or modernisation needed.
Material considerations: the property is leasehold and small in size; purchasers should review lease terms and service charges. A Buyers Premium will apply to secure the sale. This listing is best suited to investors or developers comfortable buying with tenants in place and willing to manage modest refurbishment and leasehold administration.
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