Welcome to an exceptional investment opportunity presented by Suttons Estate Agents in Coventry. We're thrilled to introduce a newly refurbished luxury one-bedroom flat, nestled in the sought-after residential area of Bedworth. This property not only promises modern living but also a lucrative investment potential with an impressive estimated yield of 9.09%.
Upon entering this first-floor flat, you'll be greeted by an inviting open plan kitchen/lounge, equipped with modern conveniences such as an electric oven and hob, a washing machine, and a compact fridge/freezer. The thoughtful design creates a seamless living space that is both functional and stylish.
The double bedroom offers a comfortable retreat, complete with an en-suite shower room and toilet. The property boasts practical features including double glazing and electric heating for added comfort. Convenience is further enhanced by off-street parking available at the front of the property.
What sets this investment opportunity apart is not only the interior comforts but also the attractive details surrounding the property. With a 999-year lease, this is a secure and long-term investment. The property is a new build, ensuring modern standards and aesthetics. Moreover, there is no ground rent, adding to the financial appeal for potential investors.
Service charges, divided between the five flats, are on average approximately £30 per month, covering cleaning of gardens and bins, among other services. This presents an affordable and hassle-free arrangement for investors.
The potential rental income for this property is £795, adding to the overall appeal for those seeking a stable and lucrative investment opportunity.
Additionally, the property comes with an EPC rating of D, ensuring energy efficiency. For council tax information, it's recommended to check directly with the council.
With approximately 24 square meters (258 square feet) of living space, this flat offers a cozy yet modern environment. Detailed measurements include a kitchen/living room with dimensions L/13.4ft and W/7.9ft, and a bedroom with dimensions L/8.5ft and W/8.4ft.
It's important to note that this property is exclusively available for investment purposes, whether it be a cash buy or financed through Santander or Birmingham Midshires mortgages.
For those seeking a stable investment in a thriving community, this flat in Bedworth ticks all the boxes. To learn more and explore the potential of this property, contact us
Additional Details:
Measurements:
Tenure : Leasehold
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
The team at Sutton's boasts more than 40 years of combined experience spanning three decades, our knowledge of Coventry and the surrounding villages..
info@suttonsestates.com 02476525111
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