2-bedroom flat · CV4 9AE
For saleReduced £5k (−3%) on 9 AugListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** two bedroom second floor apartment on bannerbrook park *** With spacious living area, stylish kitchen/breakfast area, re-fitted bathroom with shower, two large double bedrooms, electic heating, double glazing & off road parking.
Foster Lewis & Co are delighted to offer for sale, this superb, second floor apartment which has been modernised throughout, offering an ideal space for any first tim buyer or investor.
The property comprises an entrance hallway which has a storage cupboard with plumbing facilities for a washing machine, open plan living room with stylish fitted kitchen, re-fitted bathroom and twobedrooms.
The kitchen area has a bespoke oak worktop along with the centre piece breakfast/dining area which is fitted with a range of base and eye level units, integrated oven and hob, fridge freezer and dishwasher.
The superb bathroom which is fully tiled and comprises a bath with shower over, low level wc, wash hand basin set within a luxury vanity unit and mirror.
The property boasts two double bedrooms, which offers huge benefit over local comparables in the same price bracket. Secure entry system, allocated parking and visitor spaces.
Situated in the highly sought-after location of Bannerbrook Park.
The apartment is in a convenient location and has superb road connections with easy access to Tile Hill Train Station and Birmingham Airport only being a mere 15 minute drive away.
Easily accessible to Warwick University or a bus ride to Coventry University, Close to great schools, local amenities and large open green areas with well maintained parks just a short walk away.
Viewing is highly recommended. Lease length 109 years Service Charge £2104.86 Ground rent £195.00
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About 51, Gramercy Park, Coventry
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