2-bedroom flat · CV1 3RX
For saleListed 2590 days
Opportunity summary
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About
CITY CENTRE LOCATION Currently let @ £1200pcm for 12 months from June 2024 - June 2025 Ground Floor Two Bedroom City Centre apartment with Bathroom and En-suite shower room.
Spacious Lounge/Fitted Kitchen. Allocated basement parking space. Located right in the heart of Coventry City Centre. The property is Leasehold - 150 years from 2005.
Adjacent to £450m Coventry City Centre South Regeneration project (homes, shopping, hotel, cinema etc..) with work beginning late 2023.
* Current service charge 01/04/24 – 30/09/24 is £1429.30 for the half year and Ground Rent £100 per half yearly.
Accommodation Comprising Door to: Hall With cupboard housing plumbing and space for automatic washing machine. Hot water tank. All rooms off. Electric wall heater.
Bedroom 1 9'4 (2.74 M) approx. x 8'10 (2.44 M) approx. Double glazed window to the front. Electric wall heater. Built in wardrobe. Door to: En-Suite Shower Room Chrome heated towel rail.
Low level wc. Pedestal wash hand basin. Low level wc. Built in shower cubicle plus shower. Tiled walls. Shaver point. Bedroom 2 14'4 (4.27 M) approx. x 9'4 (2.74 M) approx.
Double glazed window to the front. Electric wall heater. Bathroom Chrome heated towel rail. Low level wc. Pedestal wash hand basin. Shaver point. Panelled bath. Part tiled walls.
Lounge/Kitchen Area 24'7 (7.32 M) approx. x 12'8 (3.66 M) approx. Double glazed window and door to the front. Opening onto Decked area. Two wall mounted electric heaters.
Kitchen Area - Fitted with ample wall and base units. Single drainer stainless steel sink unit with mixer tap. Built in electric cooker, hob and extractor fan. Built in dishwasher.
Chrome spotlights to the ceiling. Space for dining table and chairs.
AGENTS NOTES While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.
(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
(2) These particulars do not constitute part or all of an offer or contract. (3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
(4) Potential buyers are advised to recheck the measurements before committing to any expense.
(5) Alternative Estates have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
(6) Alternative Estates have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor TENURE - LEASEHOLD TENURE - We understand from the vendor that the property is Leasehold - 150 years from 2005.
Service charge amount for the period 01/10/25 – 31/03/26 is £1247.75 for the half year Covering - Buildings Insurance, communal cleaning, lighting and heating.
Decoration/maintenance, roof along with Car Park & Courtyard areas. Ground Rent £200 paid half yearly to Home Ground.
Alternative Estates has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Coventry City Centre South Regeneration Project Adjacent to £450m Coventry City Centre South Regeneration Project with work due to begin late 2023.
Beauchamp House is immediately below the blue outline of the development on the image. Outline Planning Approval was granted for the City Centre South scheme in April 2021.
The scheme, which has already secured £98m in funding from the West Midlands Combined Authority is located in the southern part of the city centre and is made up of 6.4 hectares / 15 acres (the equivalent of nine football pitches), including Bull Yard, Shelton Square, Market Way, City Arcade.
The developer Shearer Property Regen Ltd want to deliver new homes, a hotel, cinema, retail and restaurants along with co-working and community spaces.
These proposals will create a new focal point for all of Coventry's communities to come together, as well as drawing in visitors, with inviting new public realm and accessible events space at its heart.
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 Beauchamp House, Greyfriars Road, CITY CENTRE, Coventry, CV1
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