Discover the perfect investment opportunity with Suttons Estate Agents – a first-floor apartment nestled within Coventry's city centre ring road. This two-bedroom, one-bathroom gem offers a delightful view of the internal courtyard, providing tranquility within the heart of the city.
Key Features:
1. 2 bedrooms
2. 1 bathroom
3. Internal courtyard view
4. Open-plan kitchen/lounge
5. Juliet balcony
6. Double glazing
7. Electric heating
8. Secure/gated courtyard
9. Designated parking
10. Tenant in-situ, £850pcm until Aug 2024
Strategically located, the property is just a 6-minute stroll from Coventry train station, offering convenient access to London Euston in approximately 1 hour*. Coventry University is a mere 12-minute walk away, ensuring proximity to academic excellence. Additionally, the apartment provides easy access to an array of city centre amenities and transportation options.
Upon entering the apartment, you'll find an entrance hallway equipped with an entry phone system and a storage cupboard housing the heating system. The open-plan kitchen/lounge area is a welcoming space, complete with an oven, electric hob, and a charming Juliet balcony that bathes the room in natural light. Two spacious double bedrooms, with the master bedroom benefiting from built-in storage, provide comfortable living spaces. The family bathroom, partially tiled, includes a shower over the bath and a heated towel rail.
The property's features include double glazing, electric heating, a secure/gated communal courtyard, lift access, and a designated parking space located in the basement. Due to its orientation facing the internal courtyard, the windows receive an abundance of natural light, particularly from the southeast direction.
Good to Know:
Property built early/mid-2000s.
Leasehold with 132/131 years remaining.
Ground rent £200 pa.
Service charge £3,006 pa.
Building management company: 'Metro pm'.
Current tenants (students) paying £850 pcm from Sept 2023 to Aug 2024.
With a light refurbishment and higher quality furniture, the property could achieve £1,000 pcm.
Council Tax Band C - £1,943 pa.
EPC – B.
Internal floor area – 49 sq meters / 527 sq feet.
Water meter.
Measurements in Feet:
Lounge/kitchen: 20.28 x 12.14.
Bathroom: 5.62 x 7.07.
Bedroom 1: 9.69 x 9.88.
Bedroom 2: 8.75 x 9.72.
Seize this investment opportunity with a tenant in-situ, paying £850 pcm until Aug 2024. With the potential for increased rental income and a prime location, this property is a gem within Coventry's bustling city center.
Tenure : Leasehold
Council Tax Band : C
| 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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