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£430,000
Residential Development
Lady Lane, Longford, CV6
1/8
1/8
Residential development for sale Lady Lane, Longford, CV6
Offers In The Region Of
£430,000
Added on 29/06/2026
Added on 29/06/2026
- Type
- Residential Development
- Tenure
- Ask agent
Key features
- Investment opportunity comprising 4 x one bedroom flats
- Fully self-contained residential accommodation
- Rear parking available
- Convenient location within easy reach of Coventry City Centre
- Approximate gross yield of 7.47% based upon a quoting price of £430,000
- Producing a combined rental income of £32,100 per annum
About this property
Fully let residential investment comprising 4 x one bedroom flats producing £32,100 per annum.
Situated close to Coventry City Centre with rear parking, the property reflects an approximate gross yield of 7.47% based upon a quoting price of £430,000 and offers an established income producing opportunity.
Council tax
Ask agent
Per year
- Band A£1,668
- Band B£1,946
- Band C£2,224
- Band D£2,502
- Band E£3,058
- Band F£3,614
- Band G£4,170
- Band H£5,004
The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Nuneaton and Bedworth, 2026/27 bills run from £1,668 a year in band A to £5,004 in band H.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Nuneaton and Bedworth, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.
Location
Lady Lane, Longford, CV6
Mortgage and stamp duty
Property price £430,000
£215k £645k
Deposit10% £43,000
£0 £430k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £387,000 mortgage. Most lenders would want a household income of about £86,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 8, Lady Lane Detached | Detached | Aug 2021 | 958 sq ft £226/sq ft | 958 sq ft | £226 | £216,500 |
| 4, Lady Lane Terraced | Terraced | Jan 2019 | 646 sq ft £181/sq ft | 646 sq ft | £181 | £117,000 |
| 2, Lady Lane Detached | Detached | Apr 2017 | 474 sq ft £255/sq ft | 474 sq ft | £255 | £121,000 |
| 8, Lady Lane Detached | Detached | Sept 2012 | 958 sq ft £151/sq ft | 958 sq ft | £151 | £145,000 |
| 61, Lady Lane Terraced | Terraced | Apr 2012 | 980 sq ft £133/sq ft | 980 sq ft | £133 | £130,000 |
| 4, Lady Lane Terraced | Terraced | Jan 2010 | 646 sq ft £127/sq ft | 646 sq ft | £127 | £82,000 |
| 8, Lady Lane Semi-detached | Semi-detached | Mar 2007 | 958 sq ft £134/sq ft | 958 sq ft | £134 | £128,000 |
| 12, Lady Lane Terraced | Terraced | Dec 2006 | 797 sq ft £139/sq ft | 797 sq ft | £139 | £111,000 |
Area insights
The neighbourhood around this property.
