FOR SALE BY ONLINE AUCTION WEDNESDAY 18TH OF JUNE 2025 AT 9AM - ***WELCOME TO 61 FIREDRAKE CROFT - A WELL PRESENTED TWO BEDROOM RESIDENCE LOCATED IN A SOUGHT AFTER AREA IN THE HEART OF COVENTRY***JUST MINUTES FROM THE CITY CENTRE AND COVENTRY UNIVERSITY***HIGH ANNUAL RENTAL YIELD OF 12.75% (BASED ON GUIDE PRICE), IDEAL OPPORTUNITY FOR FIRST TIME BUYERS AND PROPERTY INVESTORS ALIKE***
***Situated just minutes from the city centre and Coventry University, this modern property offers an ideal opportunity for property investors***
***DESCRIPTION***
The property is situated within a modern brick built apartment block on the first floor under a pitched tiled roof. The property benefits from UPVC double glazed windows throughout.
The property comprises a first floor apartment providing an open plan kitchen/lounge, two bedrooms and bathroom with WC. The apartment extends to approximately 48.30 sq m (520 sq ft) GIA.
The property benefits from one car parking space located to the rear.
***LOCATION***
The property is situated on Firedrake Croft, Coventry, approximately 1.5 miles east of Coventry city centre.
Access to the national motorway network, via Junction 2 of the M6 motorway, is approximately 4.3 miles northeast of the property at Ansty Interchange. Ansty Interchange also provides access to the M69, A46, A4600, and B4065. Coventry train station is located approximately 1.5 miles from the property.
The immediate locality is made up of residential estates with terraced accommodation surrounding Firedrake Croft.
***HIGH ANNUAL RENTAL YIELD*** - Residential Investment Producing £10,200 Per Annum, producing an annual yield of 12.75% (based on guide price).
***SIZE*** - Approximately 48.30 sq m (520 sq ft) GIA
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 97, London Road, Coventry, CV1 2JQ - 3 bedroom - SOLD Mar'25 - £172,500
- 26, Charterhouse Road, Coventry, CV1 2BJ - 3 bedroom - SOLD Mar'25 - £150,000
- 155, Harnall Lane East, Coventry, CV1 5AH - 3 bedroom - SOLD Mar'25 - £145,000
***Coventry is a cathedral city and metropolitan borough in the West Midlands county, in England, on the River Sherbourne. Coventry had been a large settlement for centuries. Founded in the early Middle Ages, its city status was formally recognised in a charter of 1345.***Coventry had a population of 345,324 at the 2021 census, making it the tenth largest city in England and the 13th largest in the United Kingdom***
***Coventry's transport system includes car travel, public transport (trains and buses), walking, cycling, and freight. The city has four railway stations with good connections to London and Birmingham. A large portion of residents use cars, but the city also has an extensive bus network. Coventry is also exploring new technologies like Coventry Very Light Rail (CVLR) and micromobility.
Trains - Coventry has four railway stations: Coventry, Tile Hill, Canley, and Coventry Arena. It is on the West Coast Main Line, connecting to London and Birmingham.
Buses - Bus services are coordinated by Transport for West Midlands and operate under the West Midlands Network brand. There are concerns about reliability and frequency, especially outside peak hours.
Motorways - Coventry is served by several major motorways, including the M6, M40, M69, M45, and M1. The M42 also plays a role in the surrounding road network, and the A46 is designated as an Expressway, according to Coventry City Council. The M6 passes through Coventry itself, while others like the M40 and M45 offer access to and from the city.
***Coventry offers a variety of educational opportunities, including primary and secondary schools, higher education institutions like Coventry University, and adult education services. The city also has a home education option, with local authority support available for those choosing this route. ***
***Coventry offers a mix of attractions, from museums and historical sites to leisure and sports facilities. The city centre is known for its shopping, dining, and nightlife. For those interested in culture, there's the Coventry Cathedral, Herbert Art Gallery & Museum, and the Coventry Transport Museum. Leisure and sports enthusiasts can enjoy facilities like Planet Ice Coventry and the Coventry Building Society Arena.***
GUIDE PRICE: £80,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
61 FIREDRAKE CROFT - A WELL PRESENTED TWO BEDROOM RESIDENCE LOCATED IN A SOUGHT AFTER AREA IN THE HEART OF COVENTRY
JUST MINUTES FROM THE CITY CENTRE AND COVENTRY UNIVERSITY
HIGH ANNUAL RENTAL YIELD OF 12.75% (BASED ON GUIDE PRICE), IDEAL OPPORTUNITY FOR PROPERTY INVESTORS
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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