£114,950

1 bed detached house for sale in Nicholls Street, Coventry (ref: 34973413)

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Key features

  • Rent: £820 pcm (£9,840 pa), periodic assured tenancy, tenant in situ
  • Gross yield: 8.6% at the asking price
  • Tenure: Freehold, so no ground rent or service charge
  • Council Tax: Band A
  • EPC: D (61), potential C (76) (assessed July 2026)
  • Floor area: approx. 33 sq m (355 sq ft)
  • No onward chain

Floorplan

1 bed detached house for sale in Nicholls Street, Coventry - Property Floorplan
  • 1 bed detached house for sale in Nicholls Street, Coventry - Property Floorplan
Detached freehold in Hillfields: 8.6% gross yield, tenant in place, income from day one.

A rare chance to buy a detached one-bedroom freehold house close to Coventry city centre at an entry-level price. One-bedroom houses are scarce in this part of the city, and this one is a short walk from the centre and Coventry University, an area with steady rental demand from working tenants and postgraduates.

The property is let and producing income, so a buyer takes over the rent from completion with no void, no refurbishment and no letting fees to recover first. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.

Cafés, restaurants and world-food stores are close by, with Gosford Park and direct bus routes into the centre within a few minutes' walk.

AccommodationGround floor: open-plan living/dining room, kitchen and shower room.

First floor: double bedroom.

Outside: low-maintenance courtyard garden.

Please note: the property has a right of way over the road at the rear, and the owner contributes a fair share towards its upkeep. Copies of the tenancy agreement are available on request.

Current LetThe property is let and managed by Tutis Estates, so a buyer takes over the rent from completion with no void period and no letting fees to recover. A full set of records is ready for the buyer: the tenancy agreement, deposit protection, safety certificates and rent history. We'll handle the handover so the tenancy and deposit transfer smoothly on completion, and the buyer can continue with our management if they wish. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.

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Stamp duty due

Based on a sale price of £114,950 the total amount of stamp duty payable will be:

  • £0 First time buyer
  • £0 Moving home
  • £5,747 Additional home

Last updated: The calculator has been updated to reflect changes in stamp duty following the Autumn Budget on 30th October 2024 for April 1st 2025 onwards.

Further details

  • New listing: launched in the last 10 days
  • Status: Available
  • Size: 355 sqft
  • Council tax band: A
  • Tenure: Freehold
  • Parking spaces: On Street
  • Reference: 34973413

What else you need to know?

  • Electricity supply: Mains supply
  • Heating supply: Gas mains
  • Sewerage: Mains
  • Water supply: Mains

Location

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