Summary - BOILER HOUSE UNIT 11 ELECTRIC WHARF COVENTRY CV1 4JU
2 bed 1 bath Apartment
Quick-sell city-centre opportunity with strong rental prospects.
Long lease: 228 years gives long-term security
Exposed brick, high ceilings and floor-to-ceiling windows
Underfloor heating, allocated parking and extra storage loft
Compact footprint c.578 sq ft; small overall size
Service charge £2,302 p/a and ground rent £200 p/a
Sold at online auction with 5% deposit and reservation fee risk
Advertised potential yield over 8% — investors only after due diligence
Wider area classed as deprived; average crime levels
A compact two-bedroom loft in the Boiler House at Electric Wharf, this first-floor apartment showcases authentic industrial features — exposed brick, high ceilings and floor-to-ceiling windows — combined with modern conveniences such as underfloor heating, allocated parking and an additional loft-storage cupboard. The long lease (228 years) and double glazing give long-term security for buyers and landlords.
This lot is sold via Secure Sale/online auction. Successful bidders will need to follow verification procedures, pay a 5% non-refundable exchange deposit and may also face a reservation fee (up to 6% inc VAT, minimum £6,000). Annual costs include a service charge of £2,302 and ground rent of £200; budget for these when calculating returns.
Positioned a short walk from Coventry city centre and the canal, the apartment suits investors seeking rental yield (advertised potential over 8%) or first-time buyers wanting characterful city living. Note the wider area is classified as deprived with average crime levels; buyers should view in person and check the legal pack for full management and communal maintenance details.
The property is small (c. 578 sq ft) and open-plan, so it will suit buyers who prize distinctive loft living over large family space. It was constructed between 2007–2011 and is connected to a community gas heating scheme; any buyer should confirm boiler/service details in the legal pack.
2 bedroom apartment for sale in Electric Wharf, Coventry, West Midlands, CV1 4JU, CV1 — £135,000 • 2 bed • 1 bath • 578 ft²
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