Summary - MERCIA HOUSE FLAT 41 THE PRECINCT COVENTRY CV1 1NQ
1 bed 1 bath Apartment
Long lease, high-floor apartment with panoramic historic views and lift access.
Currently tenanted at £800 pcm — immediate rental income
A compact one-bedroom apartment on a high floor in Mercia House, ideal for a buy-to-let investor seeking a city-centre income stream. The flat is currently let at £800 pcm and can be purchased tenanted or vacant, offering immediate rental return or easy re-letting in a well-trafficked retail and transport hub.
Set within Coventry city centre, the flat benefits from lift access, full-width windows and panoramic views across historic Spon Street. The open-plan living/kitchen layout and modern shower room make efficient use of the small 336 sq ft footprint; double glazing (installed before 2002) and an EPC rating of C are practical pluses for tenants.
Buyers should note key running and maintenance points: heating is by electric storage heaters and the building’s original system-built walls are likely uninsulated, which could affect energy bills and future retrofit costs. The property sits in an area with very high crime statistics and a medium flood risk — both factors that matter for insurance, lettings and longer-term capital strategies.
Overall this is a straightforward, low-maintenance city-centre investment with a long lease (c.124 years) and immediate rental income. It suits investors targeting steady yields or first-time owners wanting compact central living, provided they factor in heating, insulation and local risk profiles.
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