1-bedroom flat · CV1 4RB
Sold STCListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**VACANT POSSESSION - CHAIN FREE ** This modern one bedroom top floor apartment is within walking distance to Coventry City Centre along with an abundance of local amenities and benefits from double-glazing and electric storage heating.
Theres is a spacious lounge with dual aspect windows making it feel light & airy , the modern fitted kitchen comes with a range of wall and base units, a generous size storage cupboard and an integrated electric oven & hob and the part tiled bathroom has a white suite with a corner shower cubicle.
Other features include allocated parking, secure entry phone system and pleasant views over the Coventry canal & the city skyline.
Drapers Fields is a very popular modern development with both investors and first time buyers and is situated just outside the ring road offering a short walk into Coventry City Centre, local shops and has great transport links by both public transport and by car directly onto the ring road.
Hallway - 2.82m x 1.73m (9'3" x 5'8") - Entrance hallway with two built in storage cupboards.
Bathroom - 1.86m x 1.70m (6'1" x 5'7") - Part tiled bathroom with white suite to include shower cubicle, W/C and hand wash basin.
Kitchen - 3.63m x 2.38m (11'11" x 7'10") - Double glazed window to rear, range of wall and base units with integrated electric hob and oven. Also benefits from built in pantry cupboard.
Bedroom - 2.82m x 3.46m (9'3" x 11'4") - Double glazed window to side, double room with carpet.
Lounge - 3.63m x 4.61m (11'11" x 15'1") - Dual aspect double glazed windows, spacious lounge with carpet.
Tenure - Leasehold - The agent has been informed that the property is offered leasehold however any interested party should obtain confirmation of this, along with any ongoing associated costs such as ground rent and service charges, via their own solicitor or legal representative.
Any costs stated in these particulars have been provided by the vendor and have not been verified by the agent. Viewings - Viewings are strictly by appointment only via Archer Bassett.
Agent Notes - 1.
Anti-Money Laundering (AML) Regulations – All named purchasers and anyone gifting funds will be asked to produce identification documentation before proceeding to instruction of solicitors and we would ask for your co-operation in order to proceed to agreeing the sale as soon as possible.
2. Source of Funds - All named purchasers and anyone gifting funds will be asked to produce evidence of the source of their funds before proceeding to instruction of solicitors. 3.
These particulars do not constitute part or all of an offer or contract. 4.
Any measurements indicated are intended for guidance only and as such must not be relied upon and any interested parties are advised to confirm any measurements before committing to any offer. 5.
Archer Bassett has not tested any equipment, appliances, fixtures, fittings or services. Leasehold Information - 160 years on the lease. Ground Rent is Zero Service charge is is £105pcm (£1260pa)
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
Agent & docs
FAQ
About Drapers Fields, Canal Basin, Coventry
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