Summary -
Flat 3 Barley Lea House,The Barley Lea,COVENTRY,CV3 1EW
CV3 1EW
2 bed 1 bath Flat
Low entry price with long lease and allocated parking, ideal for cash-ready buyers.
Two double bedrooms in a compact 538 sq ft ground floor flat
A rare sub-£100k opportunity in Coventry: this two-bedroom ground floor flat offers practical open-plan living and allocated off-street parking for a very low entry price. The modern fitted kitchen, communal gardens and long 140-year lease make it straightforward for a first-time buyer or investor seeking a low-maintenance base or rental asset.
The flat is compact (approximately 538 sq ft) with two double bedrooms and one shower room. Service charge and ground rent are modest (£600 pa service charge; £150 pa ground rent) and council tax is very cheap, which helps keep ongoing costs low. The building is mid-20th century brick with standard ceiling heights and a tree-lined setting.
Important auction and legal points: this property will be sold at online auction with a 5% deposit on the fall of the hammer, a buyer’s premium (5% + VAT, minimum £6,750 + VAT) and a 28-day completion period. Buyers must review the legal pack for special conditions and potential extra costs before bidding. The surrounding area is classified as very deprived, which may affect long-term capital growth and tenant demand.
In short: strong affordability, long lease and low running costs are the key positives. The auction route, buyer’s premium, tight completion timeline and local area profile are material considerations — suitable for cash-ready buyers or those prepared to act quickly after viewing the legal documentation.
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