2-bedroom flat · CV1 4NH
For saleListed 7 daysAuction 12 Nov · in 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenanted investment opportunity. 2 bedroom ground floor flat. Current rent payable £13,200 p.a. with yield circa 13%. Leasehold with 143 years remaining. Ideal investment opportunity.
ACCOMMODATION
GROUND FLOOR Lounge: 14 ft 5 in x 12 ft 7 in Bedroom 1: 12 ft 7 in x 11 ft 3 in Bedroom 2: 12 ft 6 in x 10 ft 6 in Bathroom: Kitchen: 10 ft 3 in x 9 ft 8 in
OUTSIDE
Parking space.
SERVICES AND HEATING
Electricity, gas, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)
Gas heating.
EPC RATING - B
COUNCIL TAX BAND - B
TENURE
Leasehold subject to tenancy Term: 155 years from 01/01/2014 Service charge: £1,911 9.a, Term: 01/01/2026 - 31/12/2026 Reserve fund: £213
TENANCY
Occupation commenced: 03/10/2025 Rent Payable: £ 1,100 p.c.m.
ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT) Buyers Premium: £1,440 (£1,200 plus VAT) Please see the legal pack for any further costs.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Apartment 1, Waterways House, 3 Quayside Court, Coventry, West Midlands CV1 4NH
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