Fred Lee Grove

THE PROPERTY

• 94 Fred Lee Grove, Coventry, CV3 5NP
• Asking price: £130,000
• Current rent: £950 pcm
• Net yield: 8.0%
• Service charge: £771.48 pa
• Ground rent: £10 pa
• EPC: C
• Lease: 101 years
• Tenancy start date August 2023

WHY THIS PROPERTY?

Strong net yield of 8.0%, significantly above the national residential buy-to-let average, calculated after all service charge and ground rent deductions.

Immediate income – fully tenanted and producing rent, with no void risk on acquisition.

Affordable entry point – priced from just £130,000, with 101-year leases and EPC ratings that meet current lettings legislation.

LOCATION: COVENTRY CV3

Coventry is one of the Midlands’ strongest buy-to-let markets, underpinned by:

• Two major universities – the University of Warwick and Coventry University together enrol over 60,000 students, generating consistent year-round rental demand from students and young professionals alike.
• Excellent connectivity – direct rail to Birmingham in 20 minutes and London Euston in under 60 minutes, making the city highly attractive to commuters.
• Ongoing regeneration – Coventry’s City of Culture legacy and continued infrastructure investment support both rental demand and longer-term capital growth prospects.
• CV3 specifically is one of the city’s most in-demand residential postcodes, with a broad rental pool of students, young professionals, and key workers ensuring low void periods.