Income-producing property with established tenants and immediate rental returns.
Communal private off-street parking available
A straightforward investment-ready two-bedroom flat in a modern block on New Coventry Road, offered with long-term tenants in situ. The property generates a gross annual income of £10,800, giving a gross yield of approximately 7.9% at the asking price of £137,000 — attractive for buy-to-let portfolios seeking immediate income.
The apartment is an average-sized, traditional-layout flat (approximately 657 sq ft) with two bedrooms, two bathrooms, a lounge and kitchen, plus communal private off-street parking. The building’s contemporary façade and large windows deliver reasonable natural light and low immediate refurbishment need internally, making it easy to manage for remote landlords or letting agents.
Notable considerations: the property is leasehold, situated on a main road in a deprived area with higher-than-average crime statistics, which may affect tenant profiles and long-term capital growth. The current tenants indicate tenancy continuity and prompt rent payment, but they do not plan to vacate, so purchasers should expect a continuation of the existing tenancy upon completion.
This listing suits investors or developers seeking an income-producing asset with minimal void risk. Buyers should review the Let Property Pack, tenancy paperwork, lease terms, and any buyers’ premium applied to the sale before committing.
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