# 1 bedroom flat for sale (CV5 7PZ) ## Property Details | Key | Value | |-----|-------| | Address | 10 RIDGE COURT, COVENTRY, WEST MIDLANDS CV5 7PZ | | Price | £68,500 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | A | | Construction age | England and Wales: 1991-1995 | | Floor area | 32 m² | | Last sold | £90,661 Jul 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 19/01/2035 - **Current heating cost:** £792/year - **Est. upgrade cost to C:** £5,525 ### Recommendations - W2 (£4,000 - £6,000) - E (£25) - L2 (£400 - £600) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/6500-7804-0922-0420-3953) ## 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.** ## Property Photos - ![Charming 1-Bedroom Ground Floor Flat in Allesley,](/listings/photos/87065346/726771) - Charming 1-Bedroom Ground Floor Flat in Allesley, - ![Gallery](/listings/photos/87065346/726772) - Gallery - ![Gallery](/listings/photos/87065346/726775) - Gallery - ![Gallery](/listings/photos/87065346/726777) - Gallery - ![Gallery](/listings/photos/87065346/726782) - Gallery - ![Gallery](/listings/photos/87065346/726785) - Gallery - ![Gallery](/listings/photos/87065346/726787) - Gallery - ![Gallery](/listings/photos/87065346/726794) - Gallery - ![Gallery](/listings/photos/87065346/726796) - Gallery - ![Gallery](/listings/photos/87065346/726797) - Gallery - ![Gallery](/listings/photos/87065346/726798) - Gallery - ![Gallery](/listings/photos/87065346/726800) - Gallery - ![Gallery](/listings/photos/87065346/726801) - Gallery - ![Gallery](/listings/photos/87065346/726803) - Gallery - ![Gallery](/listings/photos/87065346/726806) - Gallery - ![Gallery](/listings/photos/87065346/726808) - Gallery - ![Gallery](/listings/photos/87065346/726809) - Gallery - ![Gallery](/listings/photos/87065346/726810) - Gallery ## Floorplans - ![Floor Plan](/listings/photos/87065346/726811) - Floor Plan ## EPC Graphs - ![EPC](/listings/photos/87065346/726813) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 10 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ | £90,661 | 22/07/2025 | Flat | | 10 RIDGE COURT, COVENTRY, WEST MIDLANDS, CV5 7PZ | £33,750 | 12/12/1997 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £147,680 (32 Flat, CV5, 2024–2026) - **Deviation:** -53.6% ## Rental Range *ONS Price Index of Private Rents (Coventry). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £915/mo - **Realistic:** £1,017/mo - **Optimistic:** £1,119/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Coventry (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £573/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.96% (okay) - **Max investor price (0.8%):** £82,250 - **Target investor price (1%):** £65,800 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £658/mo).* - **Gross yield:** 11.5% - **Cost-to-rent:** 8.7× - **Monthly cashflow:** £297/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 18% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Price per Square Metre - **£/m²:** £2,141/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -10.8% - **10y growth:** 11.5% ## House Price Index (HM Land Registry) *Official index for Coventry; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -4.9% - **5y growth (index):** 3% - **10y growth (index):** 32.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)