This property is no longer on the market
1 bedroom flat
Key information
Property description & features
- Tenure: Leasehold (999 years remaining)
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:
- Low service charges (approx £30pcm)
- Potential £795 rental income
- EPC - D
- Council Tax Band - Check with the council
- Approx 24 sqm / 258 sqft
Measurements:
- Kitchen/living room: L/13.4ft, W/7.9ft
- Bedroom: L/8.5ft, W/8.4ft
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Property reference suttons_506241214. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Suttons - Coventry.
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Broadband availability and predicted speed: obtained from Ofcom on January 6, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on March 5, 2011 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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