Sold STC Flat

10 RIDGE COURT

COVENTRY, WEST MIDLANDS CV5 7PZ

1 beds 1 baths 344 sq ft Listed 21 Jan 2025 (-520d)

£68,500

Guide Price

Reduced on 21 Feb 2025

Save

Listing type

Auction

Charming 1-Bedroom Ground Floor Flat in Allesley, Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery Gallery

/ 18

Property details

Listing category

Auction

Tenure

LEASEHOLD

Floor area

32 m²

Council tax band

A

EPC rating

D

Year built

England and Wales: 1991-1995

Last sold

£90,661 Jul 2025

Price per m²

£2,141/m²

Local average

£147,680 (-53.6%)

Deprivation

Decile 10 (30,387 of 33,755)

Street crime

49 incidents within 1 mile (Apr 2026)

Key features

  • Ground Floor
  • Parking Space
  • Electric Wall Heaters
  • Hot Water Tank
  • Full Double Glazing
  • Oven/Hob

Additional details

Parking
Yes

Description

Auction Property- CASH BUYERS ONLY 
Nestled in the picturesque suburb of Allesley in Coventry, this delightful 1-bedroom ground floor flat is a rare find. While the property requires some modernisation, it presents an exciting opportunity for those looking to downsize or savvy investors seeking to maximise their returns.
 
Property Features:
**
Layout: The flat includes a spacious bedroom, a bathroom, a functional kitchen, and a comfortable living room.
Parking: Comes with an allocated parking space for added convenience.
Leasehold Details: Approximately 59 years remain on the lease, with a ground rent of circa £45 per annum and service charge of £840 per annum.
Location Highlights:

This property boasts an enviable location with excellent transport links:
Road Access: Situated on the A45, offering easy connections to the M42 and M6 motorways.
Public Transport: Convenient bus routes connect you to both Coventry and Birmingham.
Local Amenities: A range of nearby shops, hairdressers, and pubs cater to your everyday needs.
Natural Beauty: Enjoy the vast countryside right on your doorstep, with Coundon Wedge and Meridian Park just a stone’s throw away.
This property, once updated, holds incredible potential and is not to be missed.
Auctioneers Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. 
Parking Availability: Yes.**

Listed by

Coventry

Elliott Sales & Lettings Ltd

Reference: 87065346

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 20/01/2025

Expiry date: 19/01/2035

Current heating cost: £792/year

Potential heating cost: £364/year

Est. upgrade cost to C: £5,525

Recommendations

  • Floor insulation (solid floor) (£4,000 - £6,000)
  • Low energy lighting for all fixed outlets (£25)
  • High heat retention storage heaters (£400 - £600)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floor Plan

Floor Plan

EPC Graphs

EPC

EPC

Price history

169% since 1997

Event Date Price % change
Sold 22/07/2025 (11 months ago) £90,661 +168.6%
Sold 12/12/1997 (28 years ago) £33,750

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
12 FLAT ALLESLEY COURT, ALLESLEY, COVENTRY, WEST MIDLANDS, CV5 9HB £92,500 16/01/2026 Flat
GREEN COURT 30 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £170,000 31/10/2025 Flat
5 CEDAR COURT, ALLESLEY, COVENTRY, WEST MIDLANDS, CV5 9BE £138,000 12/12/2022 Flat
DIXON COURT 24 HALIFAX CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NZ £175,000 24/11/2022 Flat
29 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £110,000 27/10/2022 Flat
34 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £105,000 21/10/2022 Flat
GREEN COURT 36 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £163,000 21/10/2022 Flat
4 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £160,000 07/10/2022 Flat
5 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £165,000 07/10/2022 Flat
12 ALLESLEY COURT, ALLESLEY, COVENTRY, WEST MIDLANDS, CV5 9HB £106,000 03/10/2022 Flat
43 CHRISTIE COURT HALIFAX CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NZ £190,000 30/09/2022 Flat
ARDEN COURT 22 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £157,500 25/05/2022 Flat
22 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £101,000 13/05/2022 Flat
GREEN COURT 32 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £142,000 08/04/2022 Flat
38 CHRISTIE COURT HALIFAX CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NZ £165,000 25/03/2022 Flat
ARDEN COURT 14 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £155,000 14/02/2022 Flat
DIXON COURT 16 HALIFAX CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NZ £168,000 03/02/2022 Flat
ARDEN COURT 16 MACKENZIE CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NY £127,000 17/12/2021 Flat
47 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ £150,000 13/08/2021 Flat
42 CHRISTIE COURT HALIFAX CLOSE, COVENTRY, WEST MIDLANDS, CV5 9NZ £147,000 06/08/2021 Flat

Area average: £144,350 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -10.8%
10y growth 11.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Coventry. Series: Flats and maisonettes. As of March 2026.

1y (index) -4.9%
5y (index) 3%
10y (index) 32.3%

Rental Range

Estimated market rent for Coventry. Low = conservative, Realistic = average, Optimistic = best case.

Low £915/mo
Realistic £1,017/mo
Optimistic £1,119/mo

Based on Local Authority from postcode lookup → Coventry.

LHA (30th percentile) floor for Coventry: £573/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Birmingham Rd / Neale Avenue 0.2 miles
Bus stop The Windmill Hill / Cameron Close 0.2 miles
Shop Golocal Unicorn Express 0.7 miles
Shop Ego 0.9 miles
Train station Canley 2.1 miles
Train station Tile Hill 2.3 miles
Hospital George Elliot Medical Centre 2.8 miles
University Centre for Interdisciplinary Methodologies 3.1 miles
University Unknown 3.3 miles
Hospital Brian Oliver Centre 7.9 miles

Street-level crime

Category Count
Violence and sexual offences 27
Public order 5
Other theft 4
Vehicle crime 4
Criminal damage and arson 3
Other crime 2
Anti-social behaviour 1
Burglary 1
Possession of weapons 1
Shoplifting 1
Total incidents 49

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Allesley Primary School Primary 0.3 miles Good — 26 Mar 2014
Park Hill Primary School Primary 0.6 miles Good — 1 Apr 2014
Allesley Hall Primary School Primary 0.8 miles Good — 28 Mar 2013
Mount Nod Primary School Primary 0.9 miles Good — 9 Feb 2011
Limbrick Wood Primary School Primary 1.0 miles Good — 22 Oct 2012

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, Thirlmere Close, CV4 £715/mo 1 1.03 miles OpenRent
1 Bed Flat, Thirlmere Close, CV4 £635/mo 1 1.04 miles OpenRent
1 Bed Flat, Thirlmere Close, CV4 £665/mo 1 1.04 miles OpenRent
Studio Flat, Broad Lane, CV5 £650/mo 1 1.16 miles OpenRent

Average rent: £666/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.96%
Max investor price (0.8%) £82,250
Target investor price (1%) £65,800
Gross yield 11.5%
Cost-to-rent ratio 8.7×
Monthly cashflow £297/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 18%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).