2-bedroom flat · CV4 9RX
Listing removedListed 61 daysAuction 9 Sep · ended
Opportunity summary
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About
Guide Price = £70,000 - £76,000 Property for auction on 9th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: A ground floor flat forming part of a three-storey purpose built development and providing well laid out accommodation, benefitting from gas fired central heating (not tested and some radiators removed from walls for redecoration), UPVC double glazed windows, two bedrooms, security door entry system but requiring some modernisiation and upgrading .
The property is set within communal lawned gardens in a cul de sac which leads off the main section of Falstaff Road and which leads via Bushbury Avenue and Tile Hill Lane (B4101) off Fletchamstead Highway (A45).
The property forms part of an established and popular residential area located approximately 3 miles west of Coventry City Centre and within less than a mile from open countryside located to the east.
Accommodation: Ground Floor: Communal Entrance, Flat Entrance Hall, Store Room: 1.55m x 0.97m, Lounge: 4.83m x 3.82m, Kitchen: 3.78m x 2.57m, Inner Hall, Bedroom One: 4.19m x 3.12m, Bedroom Two: 3.48m x 2.85m, Bathroom: 2.54m x 1.83m with panel bath with shower over, wash basin and wc.
Outside: Communal Gardens and resident's car parking Leasehold Information: Lease Term: 125 years from 22nd October 1990 Ground Rent: £10 per annum Service Charge: Refer to Legal Pack Council Tax: A EPC Rating: C (70) Legal Documents: Available at Viewings: Refer to viewing schedule online.
Value & comps
No previous sales on record.
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Returns
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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 45, Falstaff Road, Coventry
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