# Studio flat for rent (CV1 3BU) ## Property Details | Key | Value | |-----|-------| | Address | 57C, BARRAS LANE, COVENTRY, WEST MIDLANDS CV1 3BU | | Price | £850 pcm | | Bathrooms | 1 | | Last sold | £75,000 Jan 2022 | ## Description ZERO DEPOSIT OPTION AVAILABLE!!!!!! Introducing our brand new luxury studios tailored for professionals seeking the pinnacle of contemporary living - ALL BILLS INCLUDED. These meticulously crafted studio apartments feature open-plan designs, sleek aesthetics, and a unique twist - a shared kitchen facility that fosters a sense of community among like-minded individuals. Each luxury studio is a haven of sophistication and functionality. Each studio room includes a modern fitted kitchenette with fridge/freezer, microwave, sink, built-in extractor fan, portable hob, fitted bedside lights and come fully furnished with modern furniture. Each studio also comes with a modern fitted en-suite shower room and a wall-mounted Smart TV and hardwired superfast broadband in each room. From the moment you step inside, you'll be captivated by the high-end finishes, abundant natural light, and intelligently designed spaces. These studios are perfect for those who appreciate the finer things in life and prioritise a stylish and comfortable living environment. The shared kitchen adds an element of sociability to your living experience. It's a space where you can connect with other professionals, share culinary experiences, and enjoy the convenience of a fully equipped kitchen without the hassle of individual upkeep. Conveniently situated in a prime location, our luxury studios offer easy access to the city's business districts, transportation hubs, and cultural attractions. This makes them an ideal choice for busy professionals who desire both the tranquillity of private living and the option to connect with a community of like-minded individuals. The following BILLS ARE INCLUDED within the monthly rent: High-speed broadband, council tax, water, gas and electricity. (TV Licence not included) This property is listed by Hybr. By enquiring on this property, you consent to Hybr passing on your information for the purposes of responding to your enquiry. ## Property Photos - ![Bright, modern double bedroom with a comfortabl...](/listings/photos/171879221/281179) - Bright, modern double bedroom with a comfortabl... - ![Bright, modern double bedroom with a comfortabl...](/listings/photos/171879221/281180) - Bright, modern double bedroom with a comfortabl... - ![Bright, neatly presented double bedroom with a ...](/listings/photos/171879221/281183) - Bright, neatly presented double bedroom with a ... - ![Modern tiled bathroom with a curved glass showe...](/listings/photos/171879221/281184) - Modern tiled bathroom with a curved glass showe... - ![Bright, modern kitchenette with grey fitted cab...](/listings/photos/171879221/281186) - Bright, modern kitchenette with grey fitted cab... - ![Modern open-plan kitchen with a central island,...](/listings/photos/171879221/281189) - Modern open-plan kitchen with a central island,... - ![Modern open kitchen with a central island, inte...](/listings/photos/171879221/281190) - Modern open kitchen with a central island, inte... - ![Modern kitchen with a central island, warm wood...](/listings/photos/171879221/281192) - Modern kitchen with a central island, warm wood... - ![Modern galley-style kitchen with a long worktop...](/listings/photos/171879221/281194) - Modern galley-style kitchen with a long worktop... - ![Modern kitchen with warm wood cabinets, black u...](/listings/photos/171879221/281196) - Modern kitchen with warm wood cabinets, black u... - ![Bright modern kitchen with breakfast island, co...](/listings/photos/171879221/281197) - Bright modern kitchen with breakfast island, co... - ![Modern shared kitchen with a large central isla...](/listings/photos/171879221/281200) - Modern shared kitchen with a large central isla... - ![Bright, contemporary kitchen with long worktop,...](/listings/photos/171879221/281202) - Bright, contemporary kitchen with long worktop,... ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 57C BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £75,000 | 14/01/2022 | 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 | |---------|-------|------|------| | WATERWORKS FLAT 1 DOE BANK LANE, COVENTRY, WEST MIDLANDS, CV1 3AR | £525,000 | 13/10/2023 | Flat | | COMPASS COURT FLAT 1 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LL | £100,000 | 07/07/2023 | Flat | | 2 MEADOW STREET, COVENTRY, WEST MIDLANDS, CV1 3LW | £95,000 | 31/03/2023 | Flat | | [Same street] 51A BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £85,000 | 17/03/2023 | Flat | | HEADLY HOUSE, 118A FLAT 12 HOLYHEAD ROAD, COUNDON, COVENTRY, WEST MIDLANDS, CV1 3AE | £130,000 | 20/12/2022 | Flat | | [Same street] 53 BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £230,000 | 07/12/2022 | Terraced | | COMPASS COURT FLAT 18 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LL | £70,000 | 14/10/2022 | Flat | | [Same street] 55 BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £360,000 | 12/10/2022 | Terraced | | [Same street] 17 BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £250,000 | 06/10/2022 | Terraced | | HEADLY HOUSE, 118A FLAT 10 HOLYHEAD ROAD, COUNDON, COVENTRY, WEST MIDLANDS, CV1 3AE | £122,000 | 30/09/2022 | Flat | | COMPASS COURT FLAT 84 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £130,000 | 01/09/2022 | Flat | | COMPASS COURT FLAT 58 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £82,000 | 26/08/2022 | Flat | | 7 MEADOW STREET, COVENTRY, WEST MIDLANDS, CV1 3LW | £107,500 | 12/08/2022 | Flat | | COMPASS COURT FLAT 2 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LL | £85,000 | 01/07/2022 | Flat | | COMPASS COURT FLAT 59 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £95,000 | 30/06/2022 | Flat | | COMPASS COURT FLAT 70 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £110,000 | 17/06/2022 | Flat | | COMPASS COURT FLAT 31 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LL | £79,081 | 15/06/2022 | Flat | | COMPASS COURT FLAT 79 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £70,000 | 10/06/2022 | Flat | | 6 MEADOW STREET, COVENTRY, WEST MIDLANDS, CV1 3LW | £130,400 | 09/06/2022 | Flat | | 8 MEADOW STREET, COVENTRY, WEST MIDLANDS, CV1 3LW | £105,000 | 09/06/2022 | Flat | | COMPASS COURT FLAT 44 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LL | £120,000 | 23/03/2022 | Flat | | COMPASS COURT FLAT 55 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £95,000 | 21/02/2022 | Flat | | HEADLY HOUSE, 118A FLAT 5 HOLYHEAD ROAD, COUNDON, COVENTRY, WEST MIDLANDS, CV1 3AE | £134,000 | 11/02/2022 | Flat | | COMPASS COURT FLAT 51 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £128,000 | 21/01/2022 | Flat | | [Same street] 43 BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £245,000 | 23/07/2021 | Terraced | **Street average:** £234,000 (5 sales) **Area average:** £125,649 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £159,700 (5 Flat, CV1, 2024–2026) - **Deviation:** -99.5% ## Rental Range *ONS Price Index of Private Rents (Coventry). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £917/mo - **Realistic:** £1,019/mo - **Optimistic:** £1,121/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Coventry (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | Bedsit, Coventry, CV1 | £725/mo | 1 | 0.19 miles | OpenRent | | 1 Bed Flat, The Co-Operative Building, CV1 | £1,050/mo | 1 | 0.34 miles | OpenRent | | Studio Flat, Queens Road, CV1 | £800/mo | 1 | 0.34 miles | OpenRent | | Studio Flat, Queens Road, CV1 | £800/mo | 1 | 0.35 miles | OpenRent | | Studio Flat, Lamb Street, CV1 | £500/mo | 1 | 0.35 miles | OpenRent | **Average rent: £775/mo (5 listings)** ## 1% Rule - **Rent ratio:** 94.12% (strong) - **Max investor price (0.8%):** £100,000 - **Target investor price (1%):** £80,000 *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 £800/mo).* - **Gross yield:** 1129.4% - **Cost-to-rent:** 0.1× - **Monthly cashflow:** £692/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 3367.1% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 44.7% - **10y growth:** 25.6% ## 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)