2-bedroom flat · CV4 9WA
For saleListed 15 days
Opportunity summary
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About
A well-presented two-bedroom first-floor apartment situated within the popular Bannerbrook Park development, offered for sale to investors with a tenant already in situ and currently producing £950 pcm.
The apartment is accessed via a secure communal entrance with the benefit of lift access to the first floor.
Internally, the property offers spacious accommodation and opens into an entrance hallway with useful storage.
The main living space is a bright and generous open-plan lounge/kitchen, with large windows providing plenty of natural light.
The kitchen is fitted with a range of wall and base units together with integrated appliances including an oven, hob, washing machine and fridge/freezer, making the apartment ready-made for continued letting.
There are two bedrooms, with the principal bedroom benefiting from its own en-suite shower room, while a separate main bathroom serves the remainder of the accommodation.
Externally, the property benefits from one allocated parking space, while the development itself is attractively maintained with landscaped communal areas.
Monticello Way forms part of the established Bannerbrook Park development, popular with tenants due to its convenient position for Warwick University, Tile Hill railway station, Coventry city centre and the A45, as well as a good range of local shops and amenities.
The property is being sold with the existing tenant in situ, currently paying £950 per calendar month, making this a straightforward investment opportunity with rental income already established.
The lease expires in 2135, giving approximately 109 years remaining. The seller has advised that the combined service charge and ground rent is £1,822.10.
The property is Council Tax Band B and has an EPC rating of B. Internet services are available through providers including Hyperoptic, Sky and BT, subject to individual provider availability.
Please note that lease details are for guidance purposes only and we would respectfully request that you seek clarification of the exact terms of the lease via your solicitor Entrance Hallway (1.47m x 2.59m (4'10" x 8'6")) Lounge (4.27m x 4.11m (14'0" x 13'6")) Kitchen (3.33m x 1.52m (10'11" x 5'0")) Bedroom One (3.20m x 4.09m (10'6" x 13'5")) En-Suite (1.17m x 2.29m (3'10" x 7'6" )) Bedroom Two (2.54m x 2.97m (8'4" x 9'9")) Bathroom (2.51m x 1.50m (8'3" x 4'11"))
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 118, Monticello Way, Coventry
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