# 1 bedroom flat for sale (CV1 3BU)

## Property Details

| Key | Value |
|-----|-------|
| Address | 51A, BARRAS LANE, COVENTRY, WEST MIDLANDS CV1 3BU |
| Price | £85,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 52 m² |
| Last sold | £85,000 Mar 2023 |

## Description

NEW 125 YEAR LEASE UPON COMPLETION...  GROUND FLOOR... ONE DOUBLE BEDROOM... COMMUNAL REAR GARDEN... CLOSE TO COVENTRY CITY CENTRE... GREAT INVESTMENT PURCHASE... PERFECT FOR THE FIRST TIME BUYER OR THOSE LOOKING TO DOWNSIZE.  Located on Barras Lane, close to Coventry City Centre,  this property located on the ground floor really does need to be viewed to appreciate what is being offered for sale.  Benefiting from being vacant and having no upward chain, it would be perfect for those looking to expand their property portfolio, looking to downsize or the first time buyer.  Having an lounge dining room, one double  bedroom, family bathroom, storage cupboard and fitted kitchen.  For those looking for additional space or storage, this property also comes with a basement!  In need of a little TLC, why not come and take a look and book your immediate viewing now.

**Communal Entrance** - Having secure access into the building accessed via steps.  There is a communal hallway with front door that leads into the:

**Entrance Hallway** - Having doors leading off to:

**Lounge Dining Room** - 4.75m x 3.84m (15'7 x 12'7) - Having two double glazed windows to the front elevation.

**Double Bedroom** - 4.19m x 3.00m (13'9 x 9'10) - Having a PVcu double glazed window to the rear elevation.

**Kitchen Dining Room** - 3.96m x 3.00m (13' x 9'10) - Having a PVCu double glazed window to the side elevation, composite door that leads to a courtyard area, small amount of units, door that leads to the basement and further door that leads to the:

**Inner Lobby** - Having airing cupboard off  and further door that leads to the:

**Family Bathroom** - 2.03m x 1.68m (6'8 x 5'6) - Having a PVCu double glazed window that leads to the rear elevation, panel bath, pedestal wash hand basin, low level flush WC and some tiling to splash prone areas.

**Rear Garden Area** - Having a courtyard and iron stairwell that leads to a communal garden area.

## Property Photos

- ![IMG_1895.jpg](/listings/photos/125583617/281181) - IMG_1895.jpg
- ![IMG_1928.jpg](/listings/photos/125583617/281182) - IMG_1928.jpg
- ![IMG_1920.jpg](/listings/photos/125583617/281185) - IMG_1920.jpg
- ![IMG_1935.jpg](/listings/photos/125583617/281187) - IMG_1935.jpg
- ![IMG_1919.jpg](/listings/photos/125583617/281188) - IMG_1919.jpg
- ![IMG_1924.jpg](/listings/photos/125583617/281191) - IMG_1924.jpg
- ![IMG_1922.jpg](/listings/photos/125583617/281193) - IMG_1922.jpg
- ![IMG_1923.jpg](/listings/photos/125583617/281195) - IMG_1923.jpg
- ![IMG_1926.jpg](/listings/photos/125583617/281198) - IMG_1926.jpg
- ![IMG_1921.jpg](/listings/photos/125583617/281199) - IMG_1921.jpg
- ![IMG_1931.jpg](/listings/photos/125583617/281201) - IMG_1931.jpg
- ![IMG_1929.jpg](/listings/photos/125583617/281203) - IMG_1929.jpg
- ![IMG_1932.jpg](/listings/photos/125583617/281204) - IMG_1932.jpg
- ![IMG_1934.jpg](/listings/photos/125583617/281205) - IMG_1934.jpg
- ![IMG_1930.jpg](/listings/photos/125583617/281206) - IMG_1930.jpg

## Floorplans

- ![barras lane floor plan.JPG](/listings/photos/125583617/281207) - barras lane floor plan.JPG

## EPC Graphs

- ![EE Rating](/listings/photos/125583617/281208) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 51A BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £85,000 | 17/03/2023 | 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 |
| GRINDLAY HOUSE FLAT 4 WINDSOR STREET, COVENTRY, WEST MIDLANDS, CV1 3HH | £114,000 | 18/04/2023 | Flat |
| 2 MEADOW STREET, COVENTRY, WEST MIDLANDS, CV1 3LW | £95,000 | 31/03/2023 | 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 |
| 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 |
| GRINDLAY HOUSE FLAT 7 WINDSOR STREET, COVENTRY, WEST MIDLANDS, CV1 3HH | £105,000 | 15/03/2022 | Flat |
| COMPASS COURT FLAT 55 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £95,000 | 21/02/2022 | Flat |
| COMPASS COURT FLAT 51 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3LJ | £128,000 | 21/01/2022 | Flat |
| [Same street] 57C BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £75,000 | 14/01/2022 | Flat |
| 8 FLAT 1 NORFOLK STREET, COVENTRY, WEST MIDLANDS, CV1 3BX | £97,500 | 24/08/2021 | Flat |
| [Same street] 43 BARRAS LANE, COVENTRY, WEST MIDLANDS, CV1 3BU | £245,000 | 23/07/2021 | Terraced |

**Street average:** £232,000 (5 sales)
**Area average:** £122,174 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £159,700 (5 Flat, CV1, 2024–2026)
- **Deviation:** -46.8%

## 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).*

- **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 |
|------|------|------|------|------|
| Bedsit, Coventry, CV1 | £725/mo | 1 | 0.26 miles | OpenRent |
| Studio Flat, Queens Road, CV1 | £800/mo | 1 | 0.29 miles | OpenRent |
| Studio Flat, Queens Road, CV1 | £800/mo | 1 | 0.29 miles | OpenRent |
| 1 Bed Flat, The Co-Operative Building, CV1 | £1,050/mo | 1 | 0.36 miles | OpenRent |
| Studio Flat, Lamb Street, CV1 | £500/mo | 1 | 0.4 miles | OpenRent |

**Average rent: £775/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.94% (okay)
- **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:** 11.3%
- **Cost-to-rent:** 8.9×
- **Monthly cashflow:** £360/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17.5%

*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:** £1,635/m²

## Capital growth trend

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

- **5y growth:** 39.1%
- **10y growth:** 34.1%

## 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)