Nicholls Street, Coventry, CV2 4GR

Detached freehold in Hillfields: 8.6% gross yield, tenant in place, income from day one.

A rare chance to buy a detached one-bedroom freehold house close to Coventry city centre at an entry-level price. One-bedroom houses are scarce in this part of the city, and this one is a short walk from the centre and Coventry University, an area with steady rental demand from working tenants and postgraduates.

The property is let and producing income, so a buyer takes over the rent from completion with no void, no refurbishment and no letting fees to recover first. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.

Cafés, restaurants and world-food stores are close by, with Gosford Park and direct bus routes into the centre within a few minutes' walk.

Accommodation - Ground floor: open-plan living/dining room, kitchen and shower room.

First floor: double bedroom.

Outside: low-maintenance courtyard garden.

Please note: the property has a right of way over the road at the rear, and the owner contributes a fair share towards its upkeep. Copies of the tenancy agreement are available on request.

Current Let - The property is let and managed by Tutis Estates, so a buyer takes over the rent from completion with no void period and no letting fees to recover. A full set of records is ready for the buyer: the tenancy agreement, deposit protection, safety certificates and rent history. We'll handle the handover so the tenancy and deposit transfer smoothly on completion, and the buyer can continue with our management if they wish. Being freehold and detached, there are no service charges, no ground rent and no shared walls, which keeps running costs low and the numbers simple.