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See how verdicts work1-bedroom flat · CV1 3GW
For saleListed 1215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A top floor duplex apartment presented in excellent order with far reaching city views, double glazing and electric heating.
Offered for sale with a tenant in situ on a rolling contract, the property is an excellent investment opportunity currently returning a rental yield over 7% with scope of more.
Ideally located just a short walk from the City Centre and Coventry Railway Station the accommodation briefly comprises; communal entrance with lift to the 8th floor, communal landing with entrance door into the property, entrance hallway with stairs leading up to the landing, open plan living/dining/kitchen with balcony, double bedroom and shower room.
Approach A front entrance door opens into staircase leading to: Landing With intercom security phone, heater and doors off to the following accommodation: Living/Dining/Kitchen Living/Dining Area With double glazed windows and doors out to balcony, wall and ceiling light points and heater.
Kitchen Area Comprising; a comprehensive range of base units, drawers and wall mounted cupboards, work surfaces, tiled splashbacks, inset stainless steel single drainer sink unit with mixer tap over, built-in oven and hob, space for domestic appliance and ceiling light point.
Shower Room With a white suite comprising: pedestal wash hand basin with tiled splashback, WC and shower cubicle with fitted electric shower.
Bedroom With double glazed windows, double storage cupboard housing hot water system and shelving, wall and ceiling light points and heater.
Tenure We understand from the vendor that the property is leasehold with a term of 92 years remaining. The ground rent is £10 per annum and the service charge is currently £595 per annum.
These details should be verified by your solicitor.
Value & comps
No previous sales on record.
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Spon Gate House, Upper Spon Street, Coventry, CV1
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