Summary - STONELEIGH COURT 47 COTON ROAD NUNEATON CV11 5UQ
2 bed 1 bath Flat
High-yield investment close to town with parking and long lease.
Chain-free two double bedrooms, recently redecorated and ready to let or occupy
Advertised potential yield c.7.5% — strong for local market
Long lease (137 years) and low ground rent (£25)
Off-street parking and communal gardens; walking distance to town centre
Electric storage heating — higher running costs possible
Broadband speeds reported as slow — affects home working
Located in a very deprived area with high local crime levels
Second-floor flat accessed via communal stairs (no lift specified)
This recently redecorated, chain-free two double bedroom flat offers a ready-made income opportunity in central Nuneaton. Presented to a modern standard throughout, the accommodation includes a spacious lounge, contemporary fitted kitchen and a part-tiled bathroom with electric shower. Off-street parking and communal gardens add practical appeal for tenants.
Practical strengths include a long lease (137 years remaining), low ground rent (£25) and an advertised potential yield of around 7.5%, making the property attractive to buy-to-let investors seeking immediate income. The flat is within walking distance of Nuneaton town centre and local schools, supporting tenant demand from commuters and local workers.
Buyers should note clear drawbacks: the building sits in a very deprived area with high local crime levels, and broadband speeds are reported as slow. Heating is by electric storage heaters, which can be more expensive than gas alternatives. The property is leasehold — interested parties should verify service charges and exact costs with their solicitor before committing.
Overall this is a low-entry, turnkey investment or starter home with straightforward management needs and visible rental potential, balanced by higher running costs and local-area challenges that will affect tenant mix and long-term growth.
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