Low-cost one-bed investment with renovation potential near Coventry transport links..
• 125-year lease remaining with nominal £1 ground rent
• Low annual service charge (£400)
• Compact 419 sq ft one-bedroom layout
• Requires full cosmetic renovation throughout
• Strong local rental demand; close to A45 and M6
• Located in a very deprived area with high crime levels
• Double glazing and mains gas central heating present
• Quiet cul-de-sac position but small outdoor space
This one-bedroom maisonette in a quiet cul-de-sac offers a low-cost, entry-level investment in CV3. With 125 years remaining on the lease and nominal ground rent, ongoing holding costs are minimal, making it straightforward to add to a buy-to-let portfolio or to renovate for resale.
The property requires renovation throughout, presenting clear scope to increase value with cosmetic and modernisation works. Accommodation is compact (approximately 419 sq ft) with a separate lounge, kitchen, bathroom and a double bedroom — suitable for single tenants or couples in a strong rental-demand area close to Coventry city centre and commuter routes (A45/M6).
Buyers should note material concerns: the area records high crime and very high deprivation levels, and the maisonette is small and dated. These factors can affect rental yields and tenant profiles; buyers should budget for refurbishment and factor local market risks into rental income projections.
Practical positives include double glazing, mains gas heating with radiators, external wall insulation, fast broadband availability and below-average service charges (£400) with a nominal £1 ground rent. For investors seeking a low-entry purchase with uplift potential, this is a straightforward refurbishment opportunity; for owner-occupiers it suits those prioritising location and price over space and immediate finish.
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